KKR to exit Next Issue Media with sale to Apple

Apple is acquiring Next Issue Media, according to an announcement on on the Apple website. KKR invested $50 million in Next Issue in December 2014. Texture, Next Issue Media’s flagship product, provides a subscription services that allows users to consume all or part of more than 200 magazines, recode said. A consortium of publishers, including Conde Nast, Hearst, News Corp and Meredith, launched Texture in 2010, according to press reports.