Texture acquisition comes as Apple tries to ramp up its services business which already includes Apple Music and the App Store.
Next Issue Media LLC, owner of Texture, hired investment bank Moelis & Co.in the past year to advise on a sale process, said the person, who asked not to be identified because the matter is private.
Apple said it will acquire Next Issue Media and its digital magazine subscription service, Texture, known as the "Netflix of magazines", which bundles about 200 magazine subscriptions into a monthly service. Before it rebranded in 2015, it was a joint venture by Condé Nast, Hearst, Meredith, News Corp., Rogers Communications, and Time Inc., which founded the app and Next Issue Media as an effort to monetize digital media, the Verge reports. As reported by TechCrunch, the company has raised over $90 million in funding, including $50 million contributed by external publishers including BuzzFeed and Vox Media.
The Texture deal signals Apple's latest move to develop content-related services and platforms. It's possible Apple will end up incorporating elements of Texture into an expanded News service.
He also worked in a plug about Rihanna's recent passing of the 2 billion-stream mark on Apple Music, which was heavily touted over the weekend.
Eddy added, "We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users". Apple and representatives from Texture didn't respond to requests for comment. The service will continue to operate as an independent app for the foreseeable future.
The Texture app is available for iPad, iPhone, Android devices and Amazon Fire tablets.
Sheffield United closed the gap to the play-off places to two points after a 2-0 win over second-bottom Burton . Bottom club Sunderland lost 1-0 at Queens Park Rangers and are four points behind fourth-from-bottom Barnsley .
The US President was speaking to military personal in San Diego and explaining his new strategy when this idea was proposed. While Trump was nearly jokingly floating the idea, there has always been a military aspect to the space race.
In his junior year at Oregon, Stewart rushed for 1,722 yards and nine touchdowns before he chose to jump to the NFL . He became Carolina's all-time leading rusher in 2017 after surpassing DeAngelo William's previous record in October.
Twitch announced Tuesday that, starting on Thursday, those customers would get a pair of free games, Superhot and Oxenfree . So if you aren't a Twitch Prime member yet, perhaps now might be a good time to consider signing up.
However, the Twin Cities community showed compassion and came to the aid of those who worshiped in the mosque. Charges state Hari sometimes resides with his parents because his home has no electricity or running water.
Jackson invited the Fab 5 -Bobby Berk, Karamo Brown , Antoni Porowski , Jonathan Van Ness and Tan France - to be his groomsmen . The fan favorite announced the two are engaged. "So happy to say that Abby and I are reunited", he wrote on Twitter .
The company exchanged hands with 3292803 shares contrast to its average daily volume of 3.01M shares. (NYSE:RWT) for 8.01M shares. It dropped, as 42 investors sold VMW shares while 122 reduced holdings. 54 funds opened positions while 110 raised stakes.
So if there are those issues with China, let's deal with those, not necessarily make it for everyone to pay these higher costs". He said the difference is "trivial ". "We are looking to make sure that USA companies can compete fairly around the world".
School aid would account for almost $15 billion in state spending, including the payment into the teachers' pension fund. That agreement led to higher gas taxes for transportation funding, but also lowered the sales tax.
Country star Tim McGraw collapses onstage during Ireland show
Faith walked alongside him in a dark turtleneck and jeans with long winter coat and covered her blonde locks with a baseball cap. The country music superstars were the headliners on the opening night of Country To Country music festival at London's O2 arena.
Food Prices to Moderate Downward Inflation Trajectory
Moreover, the manufacturing which has a weight of 77.63 per cent in the IIP is showing the sustenance of the growth momentum. For core CPI, we expect some reversal of the strength in January and forecast an increase of 0.1% m/m and 1.7% y/y.
Physicist Stephen Hawking has died at age 76
He completed his doctorate on the origins of the universe, became a research fellow at Caius College and married Wilde in 1965. He was a Lucasian Professor at the university from 1979 to 2009, a position previously held by Isaac Newton in 1663.
Jaguars to sign WR Donte Moncrief
The departure of Moncrief leaves Indianapolis with just two starting-caliber wideouts under contract at this point. With Allen Robinson headed to Chicago, Lee will likely to take on the No. 1 role again this season.
Ravens, free agent John Brown agree on deal
Brown, 27, was once considered a cornerstone of Arizona's offense, but injuries and health issues curtailed his production. His pending deal for the Ravens is a four-year pact for $29 million with $14.5 million guaranteed, per NFL Network.
Fearing Trade War, EU Warns of Protectionism 'Dead End'
The report states " China still maintains high duties on some products that compete with sensitive domestic industries". And that doesn't factor in the costs borne from retaliation taken by foreign partners against unrelated USA industries.
Reason She Wasn't at RAW Revealed
This week's episode of Monday Night Raw in Detroit, Michigan, was considered a letdown for many fans in attendance. Whoops! While we can't blast WWE too hard for this, it an unfortunate retraction to make.
Buveur D'Air forced to dig deep to retain Champion crown
I've not had a talk to JP (McManus) to see what anybody wants to do, but as long as there's some soft ground around he could run". The concluding Close Brothers Novices' Handicap Chase went to Mick Channon's 13-2 shot Mister Whitaker, ridden by Brian Hughes.