Nomad Editions is hoping to launch a magazine entirely for mobile, targeting the space that has been popularized by capable Internet-connected devices like the iPhone, EVO 4G, and iPad. The plan is to create a weekly digital magazine made for these mobile devices.
The magazine will be launching in October and will take about 30 minutes to read. Readers can subscribe to their favorite topic areas -each topic area will go for $24 per year as an annual subscription and users can subscribe in either 3-month or annual increments.
The venture has attracted $600,000 from friends, family, and angel investors, and Nomad Editions is looking to attract the growing pool of freelance journalists out there. The model will be different from print publishing and traditional web-based blogs and sites, which has embedded links to related contents and articles. Rather, Nomad won’t carry such links, like the print counterpart, but will utilize new technology from the Internet age to embed videos, clips, and added content, much like the enhanced electronic books that are beginning to appear.
Furthermore, writers and editors will either be paid based on percentage of subscription or advertising revenues. Advertisers will also be given the opportunity to sponsor editions with full ad spots.