Publishers to build an iTunes for magazines
November 24, 2009 · Filed Under Future of Media, Blogs
Brian Stelter of NYTimes.com reports that a “consortium of magazine publishers including Time Inc. and Conde Nast are jointly building an online newsstand for magazines in multiple digital formats, according to people familiar with the plans. The formation of a new company to run the online newsstand — sometimes characterized as an ‘iTunes for magazines’ — may be announced in early December. Time, Conde Nast, Hearst, and Meredith all intend to be equity partners in the new company, although the deals have not yet been signed.
