This is the way I've been using Facebook for years. Most of the publications I follow have FB pages to which they submit their most pertinent content (for small publications and individual authors this usually ends up being every story or post). I can skim what's new and get other recommendations from people that I know. With a little bit of work I can also filter down what I see to just the people whose opinions I care about. At least that's the way it worked for several years.
Facebook's decision to limit the content that users see from Pages who don't pay for advertisement messes up the above strategy, and I suppose if Google had integrated Reader into Google+ the way the author suggests they may have been able to offer themselves as a better alternative.
I totally agree that Facebook is shooting themselves in the foot. Already we see publishers and brands moving away from Facebook to platforms (e.g. Twitter, Instagram) where all their content will be seen.
Facebook's decision to limit the content that users see from Pages who don't pay for advertisement messes up the above strategy, and I suppose if Google had integrated Reader into Google+ the way the author suggests they may have been able to offer themselves as a better alternative.