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Apple wants to keep half of subscription revenue from its news service, report says

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Some publishers aren’t thrilled about the tech giant’s proposed financial terms, according to a Wall Street Journal report.
Major publishers aren’t too happy about Apple’s proposed financial terms for its subscription news service, according to a Tuesday report by The Wall Street Journal.
The tech giant told some news organizations it’d keep around half the subscription revenue from the rumored service, according to people familiar with the matter, the Journal said. The news service, which comes after Apple bought Texture last year, will reportedly offer unlimited access to magazines and news outlets for a $9.

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