Group of publishers is said to be building a newsstand online - NYTimes.com

A consortium of magazine publishers including Time Inc. and Condé Nast plan to jointly build an online newsstand for publications in multiple digital formats, according to people with knowledge of the plans.

The formation of a new company to run the online newsstand — sometimes characterized as an “iTunes for magazines” — may be announced in early December. Time, Condé Nast, Hearst and Meredith all intend to be equity partners in the new company, although the deals have not yet been signed...