PayPal exec says publishers won't embrace Apple's iPad 2, App Store subscriptions

"But Sam Shrauger, PayPal's vice president of global product and experience, isn't so sure the next iPad will be a hit with content publishers, particularly due to the 30% cut Apple is taking in its new App Store subscription service. "Somehow I doubt it," Shrauger wrote in a company blog post on Wednesday. "We have heard from a number of publishers since last week who are outraged at Apple's 30 percent cut." If Apple's subscription service doesn't pan out, that might not be so bad for its competitors -- which among them is PayPal, owned by EBay. PayPal offers a service of its own for publishers and takes a 5% cut of revenue."