Following stories that Apple was getting out of the ad business, the company has officially confirmed that the iAd App Network will cease operations as of June 30 -- though SVP of Internet Software and Services Eddy Cue has said that Apple is developing a self-service ad-buying tool for publishers that should launch within the next two months. The iPhone maker is said to be offering buyouts to iAd sales teams, and is no longer accepting apps into the network, nor taking its 30 percent cut on ad revenue.
