First look “preview” release to feature interactive editions of multiple leading magazine titles on the 7-inch Samsung Galaxy Tab™

NEW YORK and SILICON VALLEY – May 23, 2011 – Next Issue Media, the company formed by five leading U.S. publishers – Condé Nast, Hearst, Meredith, News Corp., and Time Inc. – has announced an early preview of Next Issue, the best way to experience interactive digital editions of the world’s most popular titles, optimized for tablets, with subscription plans and special pricing for existing print subscribers.

Esquire, Fitness, Fortune, Parents, Popular Mechanics, The New Yorker, and TIME are the first titles available through Next Issue, with many more magazines to be rolled out in the coming months. The preview release is available exclusively now to customers on the 7-inch Samsung Galaxy Tab™ from Verizon Wireless and on Samsung’s retail Wi-Fi version of this device in a matter of weeks. Access on other upcoming Samsung and Android devices is planned for the summer.

Later this year, the company will launch its fully integrated marketplace of interactive magazine content complete with a unified reader and library, which will enable unique cross-title features around search, discovery and sharing.

“Our No. 1 goal with Next Issue is a compelling customer experience,” said Morgan Guenther, CEO of Next Issue Media. “Solving key customer frustrations and delivering a consistent, intuitive experience across a broad selection of the world’s finest magazine titles is front and center for us. This preview release will help inform the Next Issue experience as it evolves to ensure the best possible product is cultivated with the consumer in mind.”

“The preview launch of Next Issue is a tremendous first step toward developing new and better ways to showcase content in the digital marketplace. I look forward to the full rollout of Next Issue later this year, with more special features, additional titles, and availability on multiple product platforms,” said Steve Sachs, Executive Vice President, Consumer Marketing and Sales for Time Inc.

Next Issue’s partnership with these media companies provides it with a unique understanding of consumer needs and solutions around digital magazine offerings. Next Issue is also thrilled to launch with best-of-breed partners, Samsung and Verizon Wireless, the nation’s leading wireless service provider, to bring this initial offering to market.

About Next Issue Media

Next Issue Media, the company behind Next Issue, is a joint venture formed by five leading U.S.-based publishers – Condé Nast, Hearst, Meredith, News Corp., and Time Inc. The company was formed to develop, market and deliver interactive, digital editions of the world’s most popular magazines and newspapers optimized for the digital device of your choice. You can find more information on Next Issue at www.nextissue.com and the company behind it at www.nextissuemedia.com.