News Corp joins US ‘digital newsstand’


News Corp. is joining a new, independent digital publishing consortium in the US, according to a news report. The Financial Times reports that the consortium - which also involves Time Warner's Time Inc., Conde Nast, Hearst Corp. and Meredith - could be announced this week. The paper reported that the five US publishing giants are set to this week target the e-reader market 'to wrestle control of its digital future' from the market leaders Amazon, Apple and Sony.


People familiar with the plan said the group is working on a reading application, a "robust" publishing platform, a digital storefront for consumers and a line-up of "immersive advertising opportunities," the FT said.

The FT didn't elaborate on what News Corp's role will be.

Heart this week announced plans for Skiff, a digital subscription service for magazines and newspapers.

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