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Apple’s ‘Netflix for Magazines’ Getting a Chilly Reception

  • Texture is set to evolve into Apple News subscription feature
  • Media executives remain wary of Apple’s latest media foray
Bloomberg business news
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When Apple Inc. introduced the iPad eight years ago, media executives rejoiced.

“Sit down once a day and pray to thank Steve Jobs that he is saving the publishing industry,” the head of German publisher Axel Springer said about the tablet in 2010.