Amazon has adopted a 70-30 revenue split for newspaper and magazine publishers, bringing it in line with Apple’s App Store policy and prompting some to predict the emergence of another iTunes store, this time for newspapers. The Seattle-based online retail giant made the announcement Monday, proclaiming the new arrangement “a great new tool for making Kindle better and easier than ever for publishers.”
The announcement comes as Amazon prepares to offer newspapers and magazines on Kindle Apps, but could also be used as leverage by Apple to convince publishers reluctant to offer items on both platforms. A report last month by the Wall Street Journal suggested the Cupertino Calif. company could reach an agreement with publishers in time for the widely-expected launch of an iPad 2 in early 2011.

