Equity Investment from Rogers Media to Bring Service to Canadian Customers
New York, NY– September 26, 2013 – Next Issue Media™, the first and only company to provide unlimited access to premium digital magazine content in the U.S., today announced a strategic agreement with Rogers Media, a division of Rogers Communications (TSX: RCI; NYSE: RCI), to market and make commercially available Next Issue’s subscription service in Canada. As part of the agreement, Rogers Media has made an equity investment in Next Issue and Ken Whyte, newly appointed president of Next Issue Canada, and Melinda Rogers, senior vice president of strategy & development, Rogers Communications, and founder and managing general partner of Rogers Venture Partners, now are Next Issue Board members.
“We’re thrilled to be partnering with Rogers Media to bring for the first time the Next Issue experience to customers outside of the U.S.,” said Morgan Guenther, CEO of Next Issue Media. “In addition to its industry leading magazine titles, the Rogers organization offers unparalleled reach to consumers throughout Canada via its cable, wireless, broadcast, sports and Internet properties. We look forward to working with Rogers to ensure a seamless delivery of world-class magazine brands to new and existing consumers.”
The Next Issue Canada digital newsstand will be available to Rogers cable and wireless customers on October 15, with access to all Canadians starting December 15. U.S. subscribers will have access to Rogers magazine titles October 15. The app will be available on iPads, Android tablets and Win8 devices, with a smartphone companion launching in the coming months.
In addition to the leading U.S. titles, Next Issue Canada will offer access to the most popular Rogers titles including: Maclean’s, Chatelaine, FLARE, Today’s Parent, Sportsnet, Canadian Business, LOULOU and MoneySense. The initial version of the app will be in English with a French version to follow in 2014. As in the U.S., customers in Canada will be able to choose between Next Issue’s Unlimited Basic (monthly and bi-weekly titles) and Unlimited Premium plan (all titles including weeklies), with both plans offering access to back issues.
“The Next Issue platform is the future of magazine content consumption. Our investment in Next Issue signals a collective commitment to our digital future,” said Whyte. “Next Issue Canada delivers added value with an all-you-can-read experience. It retains the best of print while making the content come to life vividly, giving readers a more personalized, interactive experience. As a result, the magazine of today is even more powerful than the magazine of yesterday.”
For more information on Unlimited plans and device compatibility visit: nextissue.com/pricing.
For more information on Next Issue visit: nextissue.com
For more information on Next Issue in Canada visit: nextissue.ca
For a demo of the Next Issue experience, click here.
Cara Jacobson, Edelman for Next Issue Media, 415-229-7644, firstname.lastname@example.org
Andrea Goldstein, Rogers Media, 647-801-4394, email@example.com
About Next Issue Media
Next Issue Media, the company behind Next Issue, is a joint venture originally formed by five leading U.S.-based publishers – Condé Nast, Hearst, Meredith, News Corp., and Time Inc., – and is now joined by Rogers Media Inc. The company was formed to bring the world’s most popular magazines and newspapers to life on the digital device of your choice.
About Rogers Media Inc.
Rogers Media Inc., a division of Rogers Communications (TSX: RCI; NYSE: RCI), is a diversified leading Canadian media company that engages in television and radio broadcasting, publishing, digital, and sports entertainment. Rogers Broadcasting has 53 AM and FM radio stations across Canada; television properties include seven City stations, five OMNI multicultural television stations, Sportsnet (consisting of four regional channels and the nationally-distributed Sportsnet ONE, Sportsnet World, and Sportsnet 360), and The Shopping Channel. Rogers Publishing produces many well-known consumer and online magazines, such as Maclean’s, Chatelaine, L’actualité, Canadian Business, and is the leading publisher of a number of industry, medical and financial publications. Rogers Media’s suite of digital assets includes 90+ owned and 300+ premium partnership sites. Rogers Media Inc. owns Rogers Centre stadium, a year-round sports and entertainment facility, and the Toronto Blue Jays Baseball Club.