Next Issue Media, a group of publishers that includes Condé Nast, Hearst, Meredith, Time Inc. and News Corporation, has announced the release of their all-inclusive magazine tablet application, which will include 32 magazines like The New Yorker, Time, Vanity Fair, Better Homes and Gardens, Elle, Esquire, Wired, Fortune, People, Real Simple and Sports Illustrated. After more than two years of preparation, the group of publishers is ready to release the app, which gives readers the chance to purchase all their magazines for a monthly rate.

Fortune has launched a local edition in UAE and Kuwait, it was announced by Jim Jacovides of Time Inc. and Bashar Kiwan of AWI company. These are the first two markets where Fortune Arabia will be launched, followed by an additional five local editions scheduled for release in 2012 that will cover the GCC and Levant.