Report: Time Inc. Looking to Create a Hulu for Magazines

Authored by Mark Hefflinger on October 2, 2009 - 7:03am.

New York - Time Warner's (NYSE: TWX) Time Inc. is pitching a new Hulu-like joint venture for magazines, that would be distributed on new digital platforms like the Amazon Kindle and forthcoming tablet computers, All Things D reported. The joint venture would reportedly operate independently from its publisher-investors, and provide a single interface where consumers could manage their digital magazine subscriptions from any device.

Hearst and Conde Nast are purportedly interested in partnering on the joint venture, which isn't scheduled to launch until 2010, according to All Things D's sources.

PaidContent cited someone involved with the project as saying the joint venture is "looking to bring in an equity partner and raise money for it."

Related Links:
http://snipurl.com/sa8c8 (All Things D)

http://snipurl.com/sa8c2 (PaidContent)