We’re less than an hour away from the Apple keynote at Worldwide Developers Conference 2015 so this will be cleared up soon enough, but according to a new report today the company is going to announce that it’s replacing the Newsstand app on iOS with a new free application that would more or less be like Flipboard. For those who are unaware, Flipboard is a very popular application which brings in news and social media updates from a variety of sources and displays it in a magazine format.

Citing unnamed sources, Re/code reports that Apple is going to announce this new Flipboard-like app today at WWDC 2015, it’s expected to show “samplings of content” from some of the content partners of this app which include the New York Times, ESPN, Hearst and Conde Nast.

Newsstand has been around for a while now but it appears that it has reached the end of the road, the app was merely intended to distribute digital magazines and newspapers.

Content partners who want to distribute their magazines and newspapers on iOS devices can still sell individual apps through the App Store like they do for other platforms, such as Android.

The report says that this new application is going to feature adverts and that publishers will get to keep 100 percent of the revenue that they generate from those advertisements.

It hasn’t been revealed what this new application will be called, but we’ll find out soon enough.

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