The business model of Apple’s weakest Services offering is back in the spotlight.
From Bloomberg’s “Apple’s News Service Business Chief Departs After Slow Start”
The head of business for Apple Inc.’s news app stepped down less than a year after launching a high-profile subscription product that has struggled to attract paying readers…
The company introduced Apple News in 2015 as an app to aggregate stories from a variety of sources and added a $10monthly subscription last March that includes digital magazines and access to newspapers such as the Wall Street Journal and Los Angeles Times.
However, Apple was unable to secure a deal with two of America’s largest newspapers, the New York Times and the Washington Post. The papers were wary of handing over their reporting for a bundle that, in some cases, undercuts the price of their own plans.
My take: News is a commodity and magazines are past their prime. Serious news junkies subscribe to the New York Times and the Washington Post.