The media world has been buzzing about this for months. Now, finally, the plans for a large digital newsstand (from a consortium of magazine and newspaper publishers) are expected to be announced early next week.
According to reports in the Wall Street Journal and New York Times: News Corp., Conde Nast, Meredith, Hearst, and Time Inc. are all investing in the “iTunes for print” company. The new venture doesn’t have a name yet, but, in theory, will sell content from magazines and newspapers from a single website while leaving the hardware (or reading devices) to others. The alliance would develop standards for magazine viewing on mobile phones, e-book readers, and other platforms. Time Inc. vet John Squires will be the managing director while the company looks for a CEO.
Read the New York Times story here or The Guardian’s story here.
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