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Time to charge $5 per week for iPad app

The US news magazine will charge the same price for its print and online editions.

The magazine said it is offering a "compelling, robust and beautiful product," and its high quality, fact-checked reporting takes resources. The digital magazine currently includes some additional content than the print version.

Time is currently offering a single copy on the iPad. The magazine will soon be offering digital subscriptions and print/digital bundled subscriptions.