Will Apple News Cannibalize Traditional Media the Way iTunes Did Music Labels?

Apple is ”laughing at the publishers,“ magazine expert Samir Husni says of the tech giant’s plans

Apple CEO Tim Cook launched the tech giant’s new Apple News+ magazine subscription service on Monday with typical fanfare and an offer that seemed to good to be true: For $9.99 per month, customers can read more than 300 magazines, digital publishers, and leading newspapers like The Los Angeles Times and The Wall Street Journal.

That sounds like a boon for U.S. readers: Roger Rosner, Apple VP of Applications, said it would cost $8,000 per month to individually subscribe to each magazine on the app.

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Sean Burch

Tech reporter • sean.burch@thewrap.com • @SeanB44