Canadian Publishing Industry News
1 April 2018,     TORONTO
Rogers Sell Stake in Texture subscription service
200 magazines on-line
200 magazines on-line
 Apple Inc is buying Texture, the digital subscription service claimed to be the Netflix of magazines. For  $10 to $15  monthly fee Texture allows subscribers to read over 200 titles ( thirty four are Canadian)  on-line. Texture is owned by Conde Nast, Hearst, Meredith and Rogers Communications. Apple has increased to about $8.5 billion  earnings from services such as movies, music streaming and apps. 
 
 Rogers bought into Texture in 2013 and grew Canadian subscriptions to about 100,000. Texture will continue to include Rogers titles such as Maclean's, Today's Parent, Hello! and Chatelaine. Rogers cut back on printed editions of some  magazines and stop printed editions of  Canadian Business, Flare,Sportsnet and MoneySense. 
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