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Monday, March 12, 2018
Apple to Buy Digital Magazine Service Texture

Apple will buy digital magazine service Texture, which lets users read titles for a monthly subscription fee, the iPhone maker said on Monday.

Apple did not disclose the financial terms of the deal.

Texture brings over 200 of popular magazines to life, providing an easy way for users to read stories and entire issues.

"We're excited Texture will join Apple, along with an impressive catalog of magazines from many of the world's leading publishers," said Eddy Cue, Apple's senior vice president of Internet Software and Services. "We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users."

Texture is owned by Next Issue Media, a joint-venture between Conde Nast, Hearst Magazines, Meredith Corp, News Corp and Rogers Media.

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