Apple will pay out $485 million for Texture

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Goodbye Texture
'Texture is ending.'
Photo: Apple

Apple’s total purchase price for Texture will come in at just under half a billion dollars, according to a new report that reveals details of the acquisition.

Texture, an online magazine subscription service, was bought by Apple in 2018. It serves as the foundation for Apple News+. Apple revealed that the Texture app will shut down next month, but the four publishers who teamed up to launch the service are set to get some big paydays.

Condé Nast executive joins Apple’s growing News team

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Apple News
Apple has a new head of news business.
Photo: Ste Smith/Cult of Mac

Apple has hired ex-Condé Nast executive Liz Schimel to work as part of its Apple News team. Schimel joined the company earlier this summer, and will serve as the “head [of Apple’s] news business.”

It’s another illustration of how Apple is increasing its focus on this area. This comes at a time when rival tech giants like Facebook are more worried than ever about their role in helping disseminate news online.

Apple-owned magazine subscription service simplifies its fees

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Texture will stop working on Windows soon
Texture is dropping $5 off its Premium tier.
Photo: Apple

Texture, the digital magazine subscription service Apple acquired back in March, is simplifying its fee structure. Previously, Texture offered a $9.99 Unlimited Basic Plan and a $14.99 Unlimited Premium Plan, with the difference between the two being the addition of weekly magazines.

Now Texture has lowered the price for the Premium Plan to $9.99. In essence, this means that all customers should now have access to the widest possible range of publications for just ten bucks a month!

Next Issue Media Makes The Jump From Android To iPad

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TheNextIssue

Next Issue Media just became available for the iPad, making the jump from its Android roots. The app is a subscription-based magazine app that may redefine what you think of when you hear the words ‘magazine suscription.’

With Next Issue, you purchase a subscription to ALL the magazines in their service, for one fee. Techcrunch makes the obvious comparison to Netflix, for good reason, but we’ll try to avoid that here. Oops.