Big U.S. magazine companies to collaborate on digital publishing of their products

The largest U.S. magazine companies, which publish more than 50 of the best known magazines being published today are banding together to create a new company to publish digital editions of their products. According to a story in the New York Observer, Time Inc., Condé Nast and Hearst are expected to join the new company, to be headed on an interim basis by John Squires, executive vice-president