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Bloomberg BusinessWeek “Very Pleased” with Apple’s Terms, Releases iPad App with Subscriptions

Amidst the debate surrounding Apple’s subscription system for the iTunes Store, Bloomberg BusinessWeek has released an iPad app that implements Apple’s new app subscriptions – and unlike many other publishers that agreed to test them, BusinessWeek’s ones are pretty cheap and attractive. New issues will be released every Thursday with in-app update, they weigh in at around 30 MB (very lightweight, considering other iPad magazines managed to achieve the 500 MB quota with hours of waiting for a download to finish) and they’re priced at $2.99. Print subscribers can get all the issues for free, but if you want to subscribe to the digital edition (with contains all the content of print, plus exclusive articles and rich interactive features) you’ll have to pay $2.99 – not a bad deal if you consider most app subscriptions have been priced at $4.99 and BusinessWeek’s own print edition costs $4.99 per issue. Finally, an iPad app that’s cheaper than its print counterpart, and has more content and automatic updates.

PaidContent reports BBW is also “pleased” with Apple’s subscription terms for publishers. From an interview with Oke Okaro, Bloomberg’s global head of mobile:

We are very pleased with Apple’s terms,” he said in a recent interview. As for being able to glean more information about their readers—something magazine publishers value highly, as it gives them more details with which to attract advertisers and build circulation—Okaro said that there will be a lot opportunities through things like reader surveys to get users to share information willingly.

We recognize that there is overlap among the audience for all versions of BBW and that’s reflected in this app. We’re simply looking at where our audience is going and we’re following.

The BBW iPad app features a video section with a “behind the scenes” look at the feature story from the cover of the magazine; interactive market information by simply tapping on a company’s name within each article; possibility to create a “personal archive” and manage  past issues without affecting the archive. More importantly, the BBW app also comes with a search feature and font resizing options – something that suggests the developers haven’t simply used images to provide static pages, but real text – thus the issues being available at 30 MB from the App Store.

The Bloomberg BusinessWeek app is available now for free in the App Store with in-app subscriptions. The app follows the magazines that implemented subscriptions in February, and anticipates a trend that should grow bigger come the June 2011 deadline – when developers of existing App Store publishing apps will have to enable subscriptions.

 

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