The Wall Street Journal has published a new report describing the ongoing negotiations between Apple and major publishers over an upcoming subscription news service. While the service would go through Apple’s built-in News app on the iPhone, iPad, and Mac, Apple is reportedly pitching a revenue split that sees it keep 50% of a suggested $10/month membership fee with the remaining 50% shared among participating publishers. While the WSJ says negotiations are ongoing, it adds that publishers aren’t likely to accept the revenue split as presented.

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Peter Cao

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