Hearst Magazines has hit its goal of one million digital subscribers on devices like Apple's iPad, as well as competing tablets such as the Amazon Kindle Fire.

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The race to offer the lowest-priced tablet on the market is rumored to reach a new level later this year, with Google reportedly planning to release a $99 Nexus 7 tablet.

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Barnes & Noble has announced two new tablets in its latest Nook lineup, led by a larger 9-inch model that will compete more directly with Apple's iPad, as well as the new 8.9-inch Kindle Fire HD.

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Microsoft announced on Monday that it will take a $300 million stake in bookseller Barnes & Noble's digital Nook e-book business, potentially paving the way for a new spin-off company.

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Sprint revealed that it throttles about 1% of smartphone users who excessively use data while roaming, while Barnes & Noble is reportedly mulling the separation of its Nook line to outside investors and Apple pulls out of running for TV rights to the U.K.'s Premier League.

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