New York Times ends partnership with Apple News
(Reuters) - The New York Times Co said on Monday it will end its partnership with Apple News, effective June 29, at a time when the publisher is shifting focus to a digital subscription-based model.
The media company said publishers should be fairly compensated for their content and Apple News did not align with its strategy of building direct relationships with paying readers.
NYT, which has more than four million subscribers for its news product, added a record 468,000 paid subscribers in the last reported quarter.
The company has focused on online for several years to stem losses from its print subscription platform and to lower its dependence on ad revenue.
(Reporting by Neha Malara; Editing by Shounak Dasgupta)
British officials have discussed supplies of 5G networking equipment with companies in South Korea and Japan as part of a bid to develop alternatives to China's Huawei Technologies Co Ltd, a person with knowledge of the matter told Reuters.
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 billion yen ($15 million), even as the fund's underperformance pushed SoftBank to a record $13 billion operating loss.