Interesting news from the publishing world today:
The New York Observer is reporting that Time, Inc. executive VP John Squires has been making the rounds of other major publishing houses lately with one thing in mind: creating an iTunes-like magazine store for digital distribution of their titles. At this time, it appears that Time, Inc., Condé Nast, and Hearst are all planning on joining the alliance, with over 50 top magazines that would for sale in the store. Those titles include Sports Illustrated, Time, People, The New Yorker, Vogue, and O, The Oprah Magazine.
Good idea, but it might be a little too late, considering that most people are looking to get their news from online resources. Then again, with the adoption of the kindle or other devices (or apps, as is the case with the kindle app for the iPhone), this might actually take off.
I bet the advertising departments are screaming, YES!