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Publishers find the AI era not all that lucrative
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9to5Mac / Chance Miller / Apr 10, 2019
Including an upfront purchase price of $100 million and a guaranteed $385 million in revenue to Condé Nast, Hearst, Meredith, and Rogers over the next three years. It will take more than 1.3 million paying subscribers just to cover those costs — not counting any of Apple’s internal costs, payouts to other publishers, or profit. JB
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