A system (100) and method (300) are disclosed for exchanging content between communication devices. A system that incorporates teachings of the present disclosure may include, for example, a communication device (200) having a transceiver (202) for exchanging messages with alternate communication devices (104-112), and a controller (214) for managing operations of the transceiver. The controller is programmed to scan (302) for an alternate communication device, detect (302, 304) the alternate communication device, request (306) from the alternate communication device a log of subscribed content acquired by the alternate communication device from an alternate source, identify (312) a desirable portion of the subscribed content, transmit (316) to the alternate communication device a peer-to-peer request for the desirable portion of the subscribed content according to one or more available subscriptions, and receive (320) from the alternate communication device the desired portion of the subscribed content. Additional embodiments are also disclosed.