Three major US magazine publishers are preparing to launch an online newsstand, according to reports in The New York Times.
The US newspaper reported today that Time, Conde Nast, Hearst and another publisher, Meredith, would be equity partners in the new venture and would offer print and electronic copies of the magazines from a single website. It would also develop software standards for magazine viewing on iPhones, BlackBerrys, electronic book readers and other platforms.
According to the reports, the venture may be announced in early December, although the deals have not yet been signed.
The venture comes at a time of declining print circulation for many US magazines.
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