Time, Hearst, and Conde Nast are taking steps to insure they have a seat at the eMedia table. Mobile and other digital representations of the magazine brand are knocking on the door.
See the full MediaMemo by Peter Kafka

The idea: The new company, which will operate independently from the publishers that invest in it, will create a digital storefront where consumers can purchase and manage their subscriptions that can be delivered to any device. The pitch: Control a direct relationship with consumers, while gaining leverage with heavyweights like Apple AAPL and Amazon AMZN.
via Here Comes An iTunes For Magazines TWX, AAPL.
Standards, simple technical requirements, and full industry participation will be required to make any attempt at platform control by the magazine industry a possibility.