The Wall Street Journal reportedly joins Apple News service, NYT and Washington Post decli...
According to a report on Wednesday, The Wall Street Journal plans to join Apple's widely rumored for-pay news service, one of only a handful of top-tier publications thought to be participating in the initiative.
Citing people familiar with the deal, The New York Times reports The WSJ has acquiesced to Apple's revenue sharing terms and will join the tech giant as a launch partner of a new subscription news service set for unveiling at a special event on March 25.
The WSJ will be a rare jewel in the proverbial Apple News crown. As reconfirmed by today's report, other large publications like The Washington Post, and The Times itself, have not signaled intent to join Apple's new venture.
A major sticking point for publishers is Apple's supposed terms for inclusion in the forthcoming service. Previous reports claimed the iPhone maker is demanding a 50 percent cut of revenue on what is expected to be a $10 per month subscription. The remaining 50 percent will supposedly be pooled and subsequently meted out evenly amongst participating publishers.
Publications with their own subscription program, like The Post, likely see little upside to Apple's model as they charge similar rates for access to first-party content. The Times, for example, charges subscribers $15 per month.
The Times echoed the previously reported 50 percent figure on Wednesday, adding that Apple is also seeking unlimited access to all content produced by potential partners. With terms 20 percent more dear than Apple's customary 30 percent App Store fee (which turns into 15 percent on subscriptions older than a year), customer data restrictions and onerous content demands, publishers are hesitant to join the service.
Apple is reportedly leveraging a massive install base -- 900 million active iPhones -- as a key selling point in its negotiations, arguing the news product will expose publisher content to millions of new users. Established news outlets, however, have for the most part not taken the bait.
AppleInsider will be on the scene in Cupertino with live coverage of Apple's March 25 press event starting at 10 a.m. Pacific, 1 p.m. Eastern.
Citing people familiar with the deal, The New York Times reports The WSJ has acquiesced to Apple's revenue sharing terms and will join the tech giant as a launch partner of a new subscription news service set for unveiling at a special event on March 25.
The WSJ will be a rare jewel in the proverbial Apple News crown. As reconfirmed by today's report, other large publications like The Washington Post, and The Times itself, have not signaled intent to join Apple's new venture.
A major sticking point for publishers is Apple's supposed terms for inclusion in the forthcoming service. Previous reports claimed the iPhone maker is demanding a 50 percent cut of revenue on what is expected to be a $10 per month subscription. The remaining 50 percent will supposedly be pooled and subsequently meted out evenly amongst participating publishers.
Publications with their own subscription program, like The Post, likely see little upside to Apple's model as they charge similar rates for access to first-party content. The Times, for example, charges subscribers $15 per month.
The Times echoed the previously reported 50 percent figure on Wednesday, adding that Apple is also seeking unlimited access to all content produced by potential partners. With terms 20 percent more dear than Apple's customary 30 percent App Store fee (which turns into 15 percent on subscriptions older than a year), customer data restrictions and onerous content demands, publishers are hesitant to join the service.
Apple is reportedly leveraging a massive install base -- 900 million active iPhones -- as a key selling point in its negotiations, arguing the news product will expose publisher content to millions of new users. Established news outlets, however, have for the most part not taken the bait.
AppleInsider will be on the scene in Cupertino with live coverage of Apple's March 25 press event starting at 10 a.m. Pacific, 1 p.m. Eastern.
Comments
Any other available news sources would just be icing on the cake at that point.
Printed newspapers and magazines are a dying breed, and the publishers are still stuck in the same mentality the music industry was (you want that song, you gotta buy the whole CD).
They’ll all come around eventually.
The New York Times is worth every penny you pay it... for top-level news coverage. Thank God for them.
Too bad Bezos won't give up his love of profit, but that's that.
I'll definitely subscribe to Apple News Service long enough to see if it is worth it to me... and if I have enough time to also read the NYT, the Guardian, the Huffington Post, and The Nation, that I subscribe to.
All Americans _need_ to be informed in these dark days of Donald. It's your civic duty.
Absolutely ridiculous. I read the 125 Pulitzer Prize-winning NYT every day and it's chock full of news — maybe you bought a knockoff?
You Fake News™ types are really just clearly suckers for the age-old propaganda/disinformation campaign that Trump is recycling from the Soviets, Nazis, tin pot dictatorships, etc. Oldest trick in the book.
Don't want the New York Times, because they are crap journalism.
Everything I ever want to read on WSJ is usually pushed beyond the paywall, but ok I guess.
We don’t need agenda-based, biased MSM organizations that consistently put out 93% negative coverage of one person. That’s not news. That’s biased opinion fed to sheep.
Apple may be one of the only hopes to facilitate objective journalism. I’m actually very much looking forward for trying out the Apple news service.
Good grief. Let’s go ahead and lock comments, shall we admins?
Hey what happened, you were triggered last week over the Trump stories here and said you wouldn’t be returning? Yet...here you are, and seemingly triggered again.