“Time” Readies Tablet Prototype [video]

The news media, including newspapers, magazines and more is going through a time of intense change, much like the music industry. Time has proactively been developing a new interactive distribution prototype that seemingly is being groomed for a new touch screen tablet class of hardware. To date unconfirmed rumors have been flying that Apple is planning to release a similar gadget early next year.

Reports indicate that publishers are concerned they might end up with an iTunes like situation and thereby lose control of distribution. Shown below is a Sports Illustrated sample…