Apple announced today that it is acquiring digital magazine distributor Texture from Next Issue Media, a company owned by magazine publishers Condé Nast, Hearst, and Meredith; telecom Rogers Media; and investment company KKR. Texture offers an all-you-can-eat subscription pass to over 200 magazines for a monthly fee.
“We’re excited Texture will join Apple,” said Eddy Cue, Apple’s senior vice president of internet software and services, “along with an impressive catalog of magazines from many of the world’s leading publishers. We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users.”
Apple has struggled with the digital magazine business since introducing the iPad in 2010. Originally heralded as a breakthrough for the struggling magazine industry, the iPad was pitched to publishers as a bold new format for print and online articles, and soon…
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