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VOL. 133 | NO. 52 | Tuesday, March 13, 2018

Apple Adds More 'Texture' to its Services With Magazine Deal

The Associated Press

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SAN FRANCISCO (AP) – Apple has bought digital magazine distributor Texture to extend its subscription services beyond music and online storage.

The deal announced Monday puts Apple in control of a service that is frequently described as a Netflix of magazines. Texture offers readers access to articles in more than 200 magazines for $10 per month, much like Netflix sells unlimited access to its video programming.

But Texture hasn't proven as popular as Netflix, which boasts 55 million subscribers in the U.S. alone. Texture hasn't specified how many subscribers it has, but CEO John Loughlin said the number ranged in the "hundreds of thousands" during a 2016 interview .

Apple didn't disclose how much it paid for Texture. The magazine distributor had been owned by investors that included Condé Nast, Hearst, Meredith and Rogers Media.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 85 205 21,165
MORTGAGES 76 206 24,338
FORECLOSURE NOTICES 27 34 3,135
BUILDING PERMITS 183 321 43,755
BANKRUPTCIES 48 92 13,560
BUSINESS LICENSES 31 44 6,756
UTILITY CONNECTIONS 25 32 7,931
MARRIAGE LICENSES 22 41 4,775