Apple buys magazine aggregation app Texture

Apple is buying the magazine app subscription service Texture for an undisclosed amount. Texture offers US-based users unlimited access to more than 200 titles for a monthly fee of $9.99 (£7.19).

It is currently owned by Next Issue Media, which is backed by magazine publishers Conde Nast, Hearst, Meredith, News Corp, Rogers Communications, and Time Inc.

First launched in 2010, Texture has been described as “Netflix for magazines”, as its $10-per-month subscription service provides unlimited access to more than 220 publications including People, The New Yorker, Vanity Fair, National Geographic and Vogue.

For the full story read BBC News

For coverage from the FT click here 

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