Apple and Time Inc. sign deal that gives Time subscribers free iPad access

Posted by Andru Edwards Categories: Apple, Handhelds,

Time Inc. has signed a deal with Apple that will allow print subscribers to access iPad versions of its magazines for free.

Starting Monday, subscribers to Fortune, Sports Illustrated, and Time can read these magazines on their iPad by entering an authentication code identifying themselves as print subscribers, the Wall Street Journal reports.

Magazines have struggled to take off on the iPad. Earlier this year, Apple unveiled a subscription platform for the App Store that awarded 70 percent of revenue to publishers and 30 percent to Apple. However, many publishers found the financial terms to be unfair, and said they wanted full control of subscribers' personal information.

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