- Apple (NASDAQ:AAPL) has been talking to the biggest U.S. newspapers about joining its Texture app, Recode notes, in what would be the foundation of a major news subscription service.
- Eddy Cue has led talks with The New York Times (NYSE:NYT), The Wall Street Journal (NWS, NWSA) and The Washington Post (Bezos) about joining the app, through which Apple got into the digital magazine business this year.
- Texture charges $10/month and allows subscribers to read as many stories as they want from dozens of magazines.
- Apple may have its eye on the newspapers as an add-on, or as part of a supersized sub that also bundles in its video content and music. And its users have 1.3B active devices, Apple says.
- But the newspapers in question already have their own growing digital subscription structures and might be concerned about cannibalization.
- After hours: AAPL -0.2%; NYT +3.7%; NWS, NWSA flat.
- Now read: News Corp. 's Move To Acquire Opcity For Real Estate Lead Gen
Original article