Apple To Announce Newspaper Subscription Plan For iTunes
(Black Web 2.0) — This week Apple is expected to announce a subscription plan for newspapers which should increase sales and revenue of the iPad. Word on the street is that Apple probably will take a 30 percent cut of all subscriptions sold through the company’s online App Store, and as much as 40 percent of the advertising revenue from publications’ apps. Major metropolitan papers across the country are getting ready to roll out their own apps and have been in discussions with Apple. Newspaper industry leaders hope tablet devices and subscription-based digital editions can help newspapers stem, if not reverse losses incurred after they began offering content online for free years ago.