Apple reportedly launching subscription news service

Apple acquired the “Netflix of magazines” last month, and it’s now planning to create its own premium news service. Bloomberg reports that Apple’s Texture acquisition will see the service, which offers more than 200 magazines for $9.99 a month, combined into Apple’s News team. A new Apple News app will reportedly launch within the next year, and offer a subscription with a percentage of revenue shared to publishers.
Apple has tried a similar approach before. Apple