Nick Spence
Rival publishers including Time, Condé Nast and Hearst are expected to
team-up to offer a range of best-selling high-profile magazines on the
iPhone and BlackBerry.
More than 50 magazines including The New Yorker, Vanity Fair, Vogue,
Time, People, Sports Illustrated, Esquire and O, The Oprah Magazine
are likely to be available digitally according to New York Observer.
The plans also include the companies setting up an iTunes style
digital store and are likely to be officially announced in a few
weeks, when other publishers on board claims the Observer.
Time EVP John Squires will be the interim CEO of the new joint venture
for the next six months, while a permanent boss is sought claims the
Observer. "It's very close and more imminent than it's been," the
report said, quoting one source familiar with the situation.
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