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Time Magazine on iPad now 28 cents

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Apple and Time Inc. struck a deal, and the per-issue price fell from $4.99 overnight

Here's a window into the economics of magazine publishing.

Monday's Wall Street Journal reports that Time Inc. (TWX) and Apple (AAPL) have reached an agreement to allow subscribers of Time, Fortune and Sports Illustrated to get digital versions of their magazines on the iPad for free.

The deal breaks an impasse that dates back to high-level meetings Steve MORE


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