Apple goes for the jugular with subscription revenue deal

There have been rumors about a forthcoming Apple News subscription plan for some time now, with the first reports emerging in April last year, when Bloomberg said the company was working on a Netflix-style news service that would include dozens of publishers for one monthly fee. As talks continued, some media companies were said to be reluctant to sign up, and this week it became obvious why: According to a report in The Wall Street Journal, the tech giant wants to keep 50 percent of the...