(Bloomberg) — The head of business for Apple Inc.’s news app stepped down less than a year after launching a high-profile subscription product that has struggled to attract paying readers.Liz Schimel, the outgoing executive, joined in mid-2018 after serving as the president of international business at magazine publisher Conde Nast, said people familiar with the move who asked not to be identified discussing personnel matters. At Apple, Schimel oversaw relationships with advertisers and news publishers.Apple is seeking to hire a notable name from the publishing world to replace Schimel, one of the people said. An Apple spokesman declined to comment.News …read more
Source:: Yahoo Finance
