Major magazine publishers launch own digital newsstand with flat pricing

VentureBeat | New York Times
Five major magazine publishers launched their own digital newsstand today called Next Issue Media. Hearst, Conde Nast, Time Inc., Meredith, and News Corp. are basically trying to create a Netflix for magazines — for $9.99 or $14.99 a month, subscribers can read unlimited amounts of the 32 included magazines. Its market is currently limited to newer Android tablets, but should come to the iPad later this year.

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