Monday, December 7, 2009

Print media regroups to launch “iTunes for magazines”

Rumors have been circulating for months that a consortium of major magazine publishers has been at work on a plan to provide digital content through an online store similar to iTunes or Amazon. John Koblin of the New York Observer reported on November 23 that rival magazine publishers Time Inc., Condé Nast, and Hearst appeared to be moving closer to an agreement on the joint venture.

Now the London Times is reporting that News Corp. and Meredith have joined the consortium of companies, and the venture is expected to be announced this week.

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