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Report: Apple plans to combine Apple News and Texture to sell monthly subscriptions

Back in March, Apple bought Texture. The latter is widely known as the “Netflix of magazine publishing” since it allows subscribers to choose among 200 magazines to read for $9.99 a month. A fresh report published today says that Apple is going to take Texture, and absorb it into a revised Apple News to create a premium subscription service. Apple will reportedly launch this sometime within the next year, using some of Texture’s technology and remaining employees (Apple canned 20 of them after the acquisition).

With smartphone sales suffering a small decline in shipments last year, the first …

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