SOURCE: Vindicia

Vindicia

November 30, 2010 09:51 ET

Next Issue Media Taps Vindicia as Billing Provider for Digital Newsstand

Company Will Leverage Vindicia CashBox™ to Power Millions of Magazine and Newspaper Transactions

BELMONT, CA--(Marketwire - November 30, 2010) - Vindicia today announced that Next Issue Media, the revolutionary digital publishing venture of Condé Nast, Hearst, Meredith, News Corporation and Time Inc., has selected its CashBox billing solution to power the sale of its interactive magazine and newspaper content to consumers worldwide. Options to be offered to consumers using the Vindicia CashBox solution will include digital subscriptions and single copy sales, as well as integrated print/digital bundles delivered across the consumer electronics and e-reading device landscape.

With offices in New York and Palo Alto, Next Issue Media has developed an end-to-end publishing platform for the delivery of immersive, deeply engaging interactive periodicals through a unified digital storefront. "We are delighted to have Vindicia as part of our team," said Morgan Guenther, President and CEO of Next Issue Media. "The company's subscription-selling expertise, coupled with the sophistication and scalability of their billing engine and international reach, make them a perfect fit for our service offerings."

"Next Issue Media is on the forefront of digital content sales and delivery, and we're gratified to be an integral part of their game-changing platform," said Vindicia Chairman and CEO Gene Hoffman. "Traditional media outlets have long sought ways to better monetize their content while the digital marketplace continued to expand at a dramatic pace. We keenly understand the challenges inherent in today's marketplace -- and that a digitally focused billing infrastructure is key to helping innovative companies like Next Issue Media and their publishing constituents succeed."

About Next Issue Media
Founded by five leading global publishers, Next Issue Media is a revolutionary, end-to-end publishing platform designed to bring immersive, interactive magazine and newspaper content to consumers via touch-screen, high-resolution digital devices, including tablets and smartphones. Through a comprehensive digital newsstand populated with a vast, curated selection of magazines and newspapers, consumers will be able to purchase single digital issues, digital subscriptions and print digital bundles and download content to the device of their choice -- all through a one-stop, one-click storefront. With $3 billion projected in subscription revenue from interactive periodicals by the year 2014, Next Issue Media is committed to bringing an easy, economical e-reading channel to consumers, publishers, advertisers, and technology partners.

About Vindicia
Vindicia offers an on-demand strategic billing solution for marketing and sales that manages subscriptions and one-time payments for digital merchants. We work with some of the best-known brands on the Internet, including Symantec, Activision Blizzard, Intuit, and Atari/Cryptic. As an externally audited PCI Service Provider and a SAS 70 Type II company, Vindicia securely handles online revenue of over a billion dollars annually. For more information, visit http://www.vindicia.com.

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