Is an iTunes model for magazines just around the corner? According to the New York Times, several magazine publishers, including Time Inc., Conde Nast, and Hearst, have reportedly joined forces to form a new company that will run the online newsstand, dubbed “iTunes for magazines.” With flagging sales in print, the publishing houses hope to gain some control over digital readership, and the new Web presence is rumored to offer publications in multiple digital formats.
Inc Magazine
I recall suggesting this concept about a year ago. =)
Next idea, develop an iPhone app that allows you to scan the cover or bar code of a magazine to purchase the issue or subscribe electronically.
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