Apple to buy 'Netflix for magazines' Texture

Apple to acquire digital magazine service Texture

Apple's Eddy Cue talks Texture buy and 'trusted news sources'

"We are committed to quality journalism from trusted sources and allowing magazines to keep producing beautifully designed and engaging stories for users".

The interview comes just moments after Apple announced plans to acquire digital magazine subscription service Texture, so Apple's plans for that app will likely be the highlight of the conversation.

Texture's magazine catalog includes Entertainment Weekly, Billboard, Vanity Fair, Vogue and Bloomberg Businessweek. Download issues then enjoy them without an Internet connection. Cue says it depends on what trusted publications you follow, but Apple News wants to show you more than what is most popular or what fits your viewpoint. Enjoy content recommendations based on your interests. The app is now run by Next Issue Media LLC, owned by a group of publishers and other companies including Hearst Corp., Meredith Corp., News Corp. and Rogers Communications Inc. Access great stories, classic recipes, and more from years past.

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Financial terms were not disclosed.

John Loughlin, CEO of Next Issue Media and Texture, said in a release the company "could not imagine a better home or future for the service". For now, Texture will continue to operate as is. Cue mentioned a new PGA Tour AR golf app for iOS which enables any large table surface to hold a virtual golf course that can be moved around using your iPhone or iPad as a lens. Most notably, he addressed the company's upcoming video service and the increasing importance of augmented reality (AR) to Apple.

And yet, CNN's Dylan Byers, who interviewed Cue, asked why the NRA has a presence in the App Store and on Apple TV.

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