According to those familiar with Apple's plans, a new and improved Apple News app will be offered and a percentage of the subscription revenue will be given to magazine publishers who are part of the service.
Apple will likely carefully curate the partner organizations for its news service.
So many questions! The big one: Could such a service include access to paywalled newspapers (or books or podcasts or anything beyond just magazines)? By integrating with a dedicated news portal, users will receive more accurate and timely news ahead of everything. When Apple News started in 2015, it took a similar approach.
Before it was sold to Apple, Texture was a joint venture from magazine publishers, including Condé Nast, Meredith, and Hearst.
Prior to the acquisition, Texture had been charging $9.99 a month and had featured more than 200 magazines including People, Time, National Geographic, Esquire, GQ, The Atlantic and Rolling Stone.
The news of this forthcoming subscription service comes after Apple cut 20 people from the Texture team after the acquisition. For that, Apple will update their news app, Apple News.
If Apple goes through with these plans, it would be treating news similarly to how it treated music around the creation of Apple Music. They asked not to be identified discussing private plans.
While we don't know precisely when this service will launch, we do know it'll land within the next year which indicates Apple may be gearing up to announce it at WWDC 2018 and launch it formally alongside iOS 12 this fall.
Apple has been looking for revenue from services to complement its device sales for years, which is why the success of Apple Music has been such a boon for the company.
Currently, there are no details about which news organizations Apple would partner with for the subscription service.
"We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users", said Eddy Cue, Apple's senior vice president of internet software and services in a statement after the company bought Texture last month.