New York Times:

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.

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.

And:

The most recent terms that Apple is offering to publishers ask for a cut of roughly half of the subscription revenue involved in the service, the people said. Apple has also asked publishers to give unlimited access to all their content, which has caused concern among potential partners, they said. A subscription is expected to cost $10 a month.

The deal’s terms have caused some publishers to recoil, as a 50 percent cut is higher than the 30 percent that Apple usually takes from apps and subscriptions sold through its App Store. Publishers are also concerned that they won’t have access to important data about the consumers — credit cards, email addresses and other subscriber information — as part of the deal.

This is interesting on two counts. Both that two of the biggest news gatherers in the world have opted out, and to hear a first hand account from one of them as to why.

The event is Monday.