The Wall Street Journal plans to join a new paid subscription news service run by Apple, according to two people familiar with the plans, as other publishers chafe at the terms that the Silicon Valley company is demanding of its partners,” Mike Isaac reports for The New York Times.

“Other major publishers, including The New York Times and The Washington Post, have opted out of joining the subscription service, said the people, who requested anonymity because they were not authorized to speak publicly about the plans,” Isaac reports. “Apple and The Wall Street Journal plan to announce the deal Monday at a media event at Apple’s headquarters in Cupertino, Calif. The event is intended to draw attention to the company’s bet on news and entertainment, including a streaming service that will put Apple in direct competition with Netflix, Amazon and HBO.”

“The service, described by some as a ‘Netflix for news,’ will offer access to a new paid tier of the Apple News app. Through that tier, readers will be able to consume articles from hundreds of participating magazines and news outlets,” Isaac reports. “The app’s free tier will still let people read a smattering of select articles from a wide variety of publishers.”

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MacDailyNews Take: The Wall Street Journal is a marquee name. We can’t wait to see what Apple’s made of Texture!