Rupert Murdoch's company is buying the e-reader software platform, but the device itself will remain with Hearst--reportedly until a buyer is found for that too.
The publisher hopes to rope in iPad owners with early editions of magazines before they hit other platforms.
Once the playground of Hollywood's most famous stars, journalists, and politicians, William Randolph Hearst's California mansion will always be worth the trip.
William Randolph Hearst built one of the largest media empires in history, as well as one of the most ostentatious homes and art collections. Then he went $100 million in debt. CNET Road Trip 2012 stopped in for an exclusive tour.
The media empire hires George Kliavkoff--the NBC exec who helped create the popular video site--as it plans its future in the digital age.
Company behind about 16 daily and 49 weekly newspapers, as well as hundreds of magazines, says it's going to launch its own e-reader and start charging for some online content.
As the year is coming to close, many companies step back and take stock of the decisions they have made over the last 12 months and determine if they are heading in the right direction. For Hearst Magazines, finally giving in to Apple's steadfast App Store rules has proved a wise, and lucrative, choice.
The two companies have confirmed that the publishing powerhouse has acquired the social shopping start-up, but no financial terms have been disclosed.
The $200 SRS-X5 delivers excellent sound in a relatively small package and competes directly with the top-selling Bose SoundLink Mini.
Still in private beta, the company aggregates and manages household bills, travel rewards, and bank accounts.