Time Inc. and Apple have had a longstanding relationship, which hasn’t always been the best. According to a report from AllThingsD, Time Inc has now negotiated and announced that they will begin to offer a number of their magazines through Digital Magazine subscriptions in Apple’s Newsstand. About 2 years ago, Time Inc. backed out of plans to introduced Sports Illustrated through Newsstand because they refused to follow Apple’s rule that the company bill customers through the iTunes Store billing method and instead opted to bill customers directly through their own service.

As a result, the deal fell through and was not brought up until now. Time Inc. mentioned in the press release that they are looking to introduce all 20 of their magazines through the Newsstand Digital Magazine model, a collection that includes magazines such as Time, People, and Fortune. Even though Time Inc. didn’t follow Apple’s digital magazine subscription, allowed print subscribers of their magazines to access the full issues on the iPad. This is the first time that Time will be working with Apple on subscriptions and will give up a portion of its new subscription revenue.

It still remains unclear what caused the two companies to hash out a deal, as noted by AllThingsD. However, it is likely that Apple showed that Time could benefit from their widespread user base and Time did the same with their reader base. It appears that in this deal, both companies have a chance to benefit one way or another.

It could be as simple as Time Inc. trying to boost sales, which haven’t been stellar recently — a slump at its People magazine title is particularly troublesome for the publisher. Or perhaps parent company Time Warner got some other concession from Apple for one of its other units, like HBO or Turner.

Pricing for the digital subscriptions via iTunes has not yet been announced, but will likely be similar in price to some titles that Time currently offers, such as Sports Illustrated which sells for a $3.99 monthly rate or a $38.99 annual rate. A portion of that money will go to Apple, which is what initially prevented Time from entering a deal with the Cupertino based company.

{via MacRumors}

At a special education event on Thursday, Apple introduced a revamped version of their iTunes U services. iTunes U is a collection of podcasts in both audio and video formats, from a number of universities in the United States. Topics covered range from chemistry to basketball and offers a range of choices for different lessons and tutorials.

Apple has now removed the iTunes U service from a tab deep within iTunes and has created a brand new application, simply called ‘iTunes U’. This goes in part with Apple’s new push for education, following the release of textbooks for iPad, bringing a number of textbook publishers under the Apple umbrella.

If you’re an educator at a university, college, or K-12 school, now you have an easy way to design and distribute complete courses featuring audio, video, books, and other content. And students and lifelong learners can experience your courses for free through a powerful new app for iPad, iPhone, and iPod touch.

The iTunes U app is available for the iPad, iPhone, and iPod touch on the App Store for free [App Store]. This new app brings together all pieces of the iTunes U service, and tightens Apple’s control over their multiple updates to the service over the past few years.

Apple’s education services went into the shadows recently, but is now poised to become a focal point of Apple’s revenue stream and targets a larger audience for their products.

On Thursday, Apple held a special education event in New York City and introduced a number of software products, including the newest version of iBooks, iBooks 2, bringing textbooks to the iPad from large publishers including Pearson, McGraw-Hill and Houghton-Mifflin.

Now anyone can create stunning iBooks textbooks, cookbooks, history books, picture books, and more for iPad. All you need is an idea and a Mac. Start with one of the Apple-designed templates that feature a wide variety of page layouts. Add your own text and images with drag-and-drop ease. Use Multi-Touch widgets to include interactive photo galleries, movies, Keynote presentations, 3D objects, and more. Preview your book on your iPad at any time. Then submit your finished work to the iBookstore with a few simple steps. And before you know it, you’re a published author.

Apple also released an iBooks Author application, which allows users to create their own textbooks for the iPad 2. Since then, Apple has posted the video of the event to its site, alongside all other past events.

The Cupertino company also posted the Podcast for the event in both HD and standard formats. Apple is continuously increasing support for iBooks and is attempting to move into the e-reading market to compete with other popular reading devices such as the Nook and Kindle.

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