About a month ago, Apple spent part of its enormous cash reserves on acquiring digital magazine subscription service Texture. 

Now, according to a new report from Bloomberg, the company plans to put this acquisition to good use by launching its own news subscription service, integrated with Apple News. 

Apple fired about 20 Texture employees right after the acquisition, and plans to fold the others and Texture’s tech into its Apple News team, the report says. The updated Apple News app, which includes this new subscription service, should launch sometime in 2019.  Read more…

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