Yahoo and Google to launch digital newsstands

Yahoo and Google are set join an already crowded marketplace after reports revealed that the internet giants plan to unveil digital newsstand apps next week.

According to All Things D, this coming Wednesday Yahoo will officially launch Livestand - its home grown digital news app following a preview earlier this year.

Following behind, Google is planning to launch its product, code-named Propeller. According to reports, the name could change to Currents but it is planned for launch the week after next.

With Flipboard, Pulse, CNN’s Zite, and AOL’s Editions, as well as Apple's Newsstand app which lets you read and purchase magazines and newspapers, with iOS 5, the newcomers have some stiff competition.

Taking the helm is Flipboard which has been downloaded 4 million times and is partnered with over 50 publishers. The Google offering is an HTML5-based reader and will be compatible with both Android and iPad and according to industry rumours, will enable integration with Google+.

The rumour-mill has been in overdrive since the start of the year when it was reported that Google was planning on releasing a newsstand app and already had big name publishers on board including Conde Naste, Time Inc and Hearst. Since then, no names have been confirmed, but reports have hinted that a number of media partners are partnering with the app.

Image found here.

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