Condé Nast’s CEO still isn’t sure about the impact of Apple News Plus
Illustration by Alex Castro / The Verge
Condé Nast’s CEO Roger Lynch thinks that Apple’s premium magazine service, Apple News Plus, has yet to prove itself, Variety reports. Speaking at Recode’s Code Media conference in Los Angeles the CEO said that “the jury is out” on Apple’s $9.99 a month subscription service. Condé Nast currently provides a number of its publications through Apple News Plus, including Wired, The New Yorker, GQ, and Vogue.
Apple launched its magazine subscription service earlier this year to a host of op-eds on whether it represented a good or a bad deal for embattled publishers. Concerns were raised that Apple’s 50-percent cut of revenue was too high, and that Apple News Plus, which bundles over 300 publications into a single subscription, risked c…