Time Inc are one of 5 companies (+ Condé Nast, Hearst, Meredith, News Corp) who, it seems with Microsoft, are bringing out their own tablet device to compete with Apple and Amazon (See article titled 'Major Print Publishers Gang Up to Pre-Empt Apple, Already Make Mistakes' in News I read section above). I also suspect the pricing will be 'utility-like'. That is, consumers will feel they are paying by subscription for the device, and then a small micropayment for the content (eg. $2 for Sports illustrated for a month, $5 to get the Australian newspaper for a month etc. + $30 per month for the device).
So this is what it will look like:
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