Consumer Electronics

Apple Plans To Save Old Media

By Douglas A. McIntyre

Steve Jobs plans to bring new hope to old media with his tablet device. It will work well as a web-searching tool, but in addition it will almost certainly offer access to a wide array of text books, newspapers, and TV shows. According to The Wall Street Journal, Apple (AAPL) CEO Steve Jobs plans to “expand Apple’s influence and revenue as a content middleman.” The company is already a dominant force in digital music because of its iTunes business. The Journal reports Apple is in talks with major newspaper companies and textbook firms.

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