John Squires on new digital storefront partnership - Portfolio.com

After weeks of speculation, a consortium of publishers including Time Inc., Hearst, Condé Nast, Meredith, and News Corp. officially announced the formation of a digital storefront. (Portfolio.com is owned by American City Business Journals, a division of Advance Publications, which also owns Condé Nast.)

The group is being overseen by Time Inc. executive vice president John Squires, who will be acting as interim managing director of the still-unnamed venture. There is no exact launch date, but Squires told Portfolio.com he thinks the project will be launched in the coming year. Expect a name at the time of the launch. "As we release our first product, we'll have a name in hand," Squires said this morning...