New e-book subscription service launches

News Corp (NWS -1.5%) property HarperCollins launches an e-book subscription service with partner Scribd.

The link-up is interesting with Scribd boasting 80M users, although demand for many of the startup's titles could be underwhelming.

The Netflix-type model has been tried before with e-books, but the HarperCollins-Scribd version of new media meets old media is a fresh spin.

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