Apple Inc. said it will acquire Next Issue Media LLC and its digital-magazine-subscription service Texture, a product developed by top magazine companies that bundles together some 200 subscriptions into one monthly service. Apple announced today that it is acquiring digital magazine distributor Texture from Next Issue Media, a company owned by magazine publishers Condé Nast, Hearst, and Meredith; telecom Rogers Media; and investment company KKR. Texture gives subscribers unlimited access to more than 200 magazines, such as Forbes, Esquire, GQ, Wired, People, The Atlantic and National Geographic for a US$10 monthly fee. "We're excited Texture will join Apple, along with an impressive catalog of magazines from many of the world's leading publishers," Apple senior vice president of internet software and service Eddy Cue said in a statement. “We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users.”

The company didn’t say how much it paid for Texture, but the move marks Apple’s second reported acquisition of the calendar year.
Apple Inc. buys digital magazine subscription app Texture for an undisclosed sum.