Apple to Launch Subscription News Service

Apple bought Texture last month.                  Texture

There is speculation that Apple will keep Texture's $9.99/month pricing for the revised Apple News subscription service.

Integrating the current Apple News app and recently acquired Texture service, the new Apple news subscription service would give magazine publishers a slice of the revenue.

UNSC rejects Russian resolution on Syria attack
White says the target choices were "very methodical", calling it a "deliberate decision" to go after chemical weapons facilities. According to the Pentagon, 76 missiles hit the target near Damascus, 22 more rockets were fired at a warehouse west of Homs.

With the same number of employees of Apple's News portal and the new Texture's employees, the giant is now preparing to come up with their own premium services. Apple will put the acquisition to good use by integrating it into the Apple News app, as reported by Bloomberg on Tuesday. The latter is widely known as the "Netflix of magazine publishing" since it allows subscribers to choose among 200 magazines to read for $9.99 a month. It is only available in three markets: USA, the United Kingdom and Australia.

Before it was sold to Apple, Texture was a joint venture from magazine publishers, including Condé Nast, Meredith, and Hearst.

Reel for Real: Priyanka Chopra congratulates 'champion' Mary Kom
The Indian lost the third round but did just enough in the first two to walk away with a gold medal on debut at the Games. The doubles pair of Ashwini Ponnappa and Sikki Reddy won the bronze medal match against Australian pair 21-19, 21-19.

Apple has been looking for revenue from services to complement its device sales for years, which is why the success of Apple Music has been such a boon for the company.

Now costing $9.99 a month, the service will eventually be managed by Apple's own news team. At the time, Beats Music had fewer than a million subscribers, and Apple has turned that into more than 40 million paying users. Apple Music, iCloud, and App Store revenues rose to $30 billion in the 2017 fiscal year, and the company would like that to be about $50 billion by 2021. This approach would set it apart from Apple's previous Newsstand app, which gave users access to magazine subscriptions on an individual basis. Texture previously had about 100 staff members.

Kentucky Lawmakers Override Governor Veto on Tax, Budget Bills
State lawmakers are scheduled to return to Frankfort Friday and Saturday for the two final days of this year's law-making session. The group started by encouraging teachers to wear red to school on Wednesdays, using the hashtag #RedforED in social media posts.

Apple will likely carefully curate the partner organizations for its news service. Now, by starting this new Apple News subscription service, Apple will gain more paid subscribers who would love to stay updated with news and what's actually happening around the world. After the acquisition, 20 people were made redundant while the rest of the team was part of Apple News.

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