Apple Is Planning to Launch a News Subscription Service
- Company integrating Texture purchase into Apple News offering
- About 20 Texture staff were cut soon after Apple acquisition
Apple News and Texture
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Apple Inc. plans to integrate recently acquired magazine app Texture into Apple News and debut its own premium subscription offering, according to people familiar with the matter. The move is part of a broader push by the iPhone maker to generate more revenue from online content and services.
The Cupertino, California company agreed last month to buy Texture, which lets users subscribe to more than 200 magazines for $9.99 a month. Apple cut about 20 Texture staff soon after, according to one of the people.