Apple wants 50% of newspaper revenues

Since we were talking about “walled gardens” and “abuse of market dominance” by big tech companies:

Apple’s “Netflix for news” subscription service hasn’t launched yet, but a new report from The Wall Street Journal suggests the tech company is looking to take a 50 percent cut of revenue from the new service. The paid Apple News service is said to work a lot like Netflix or Hulu does for TV shows — users would pay a single monthly price to Apple and get access to a wide range of paid news sources and magazines all bundled together.

https://www.theverge.com/2019/2/12/18222281/apple-news-subsc…

It is worth pointing out that Apple’s net profit is about twice as high as the total revenues of the US newspaper industry, which (unlike Apple) is vital for the survival of the US republic.
Perhaps this would be a good opportunity for Apple to demonstrate good corporate citizenship, and to refrain from squeezing the last bit of blood out of this particular stone.

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the US newspaper industry, which (unlike Apple) is vital for the survival of the US republic.

Apple corporation is there to server its management, and shareholders. Many of these companies are truly global companies too. Why you think they care about anything other than their profits?

I know these kind of discussions are off-topic, so I will stop it with tis.

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