Apple is to buy the digital magazine service Texture, which lets users read titles for a monthly subscription fee. Via The Guardian.
The “virtual newsstand” gives readers online access to current and back issues of about 200 titles, including Rolling Stone, Vanity Fair, Vogue and Cosmopolitan, for a monthly fee of US$9.99 (£7.19).
“We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users,” said the Apple senior vice-president of internet software and services, Eddy Cue.
The Texture app is available for iPad, iPhone, Android devices and Amazon Fire tablets.
Texture is owned by Next Issue Media, a joint-venture between the publishers Condé Nast, Hearst, Meredith, Rogers Media and private equity firm KKR.
More like this
Meredith Corporation announced it has entered into a definitive agreement to sell the Time media brand to Marc and Lynne Benioff for US$190 million in cash. The transaction is subject to customary closing conditions and regulatory approval and is expected to close within 30 days.17th Sep 2018 Deals
Immediate Media Co today announces an agreement to acquire BBC Good Food - including the digital and live events businesses - from BBC Studios.3rd Sep 2018 Deals
HarperCollins Publishers has acquired world all-language rights to Christmas with Good Housekeeping. The book will be published on 18th October 2018.9th Aug 2018 Deals
Exponent today announced that it has reached an agreement to acquire Dennis Publishing. Dennis is the first investment to be made from Exponent’s fourth fund, Exponent Private Equity Partners IV, LP.31st Jul 2018 Deals
Since its acquisition of Rodale's portfolio of magazine titles in January, Hearst has been experimenting at Pennsylvania-based Runner's World and Bicycling, with new business models, new talent, new paper stock and bigger sizes, as well as proposed redesigns for both titles later this autumn.17th Sep 2018 Features
As South Asia warms up to ecommerce, magazines are getting in on the act. Say hello to mcommerce.10th Sep 2018 Features
The team behind Bauer’s weekly TV listing title TV Choice magazine are to launch a brand new magazine dedicated to the 80s.10th Sep 2018 Launches
A year after its launch Facebook is finally rolling out its new video service, Facebook Watch, across the globe. Yet its expansion arrives at an intriguing time for the video market. There are the first signs that the hegemony enjoyed by YouTube for nigh on a decade is now potentially under threat, not just from Facebook, but from multiple rival platforms.10th Sep 2018 Features
As the flagship title of the Slow Journalism movement, the print magazine Delayed Gratification is often described as a kick-back against the hasty pace in which the 24/7 news cycle hunts clickbait, starts telling stories but often miss the end. But associate and founding editor, Matthew Lee says it’s much more than just that.17th Sep 2018 Features
Visit our Youtube channelFIND OUT MORE
FIPP newsletters allow you to keep up with industry trends, research, training and events across the worldFIND OUT MORE
What’s happening now, what’s coming next