Rupert Murdoch has indicated Newscorp will probably not publish with the Amazon Kindle device in the future. Amazon keeping what is thought to be 70% of the revenue is not a fair deal to him. The same attitude seems to hold for Australian Fairfax Media, who obviously is interested in the potential of Apple’s iTunes and iPhone. So where is the mobile news going?
The classic oldtimer magazine Reader’s Digest is going bankrupt. Or maybe it is more correct to say that the Reader’s Digest Association is trying to survive after reaching an agreement with its creditors to reduce debt. So the magazine will maybe survive under bankruptcy protection. My father used to read the Swedish version of Reader’s Digest, and occassionally I spotted books from Reader’s Digest with other people in his generation. But this was long ago – who is actually reading their publications today?
Read more at Folio Magazine.