News Corp. to launch iPad newspaper Wednesday
Friday 28 January 2011
Rupert Murdoch's News Corp. is planning to launch The Daily, the media tycoon's exclusive digital newspaper for the iPad, in New York on Wednesday.
News Corp. on Thursday invited reporters to a February 2 launch event at the Guggenheim Museum that will feature Murdoch along with Apple vice president of Internet services Eddy Cue.
The debut of The Daily had originally been slated for mid-January, but was delayed reportedly to allow Apple more time to tweak its new subscription service for publications sold through its iTunes online store.
News Corp. has not revealed how much it will charge for The Daily, but iTunes is expected to automatically bill subscribers on a weekly or monthly basis with a new edition showing up on their iPad every morning.
Murdoch, News Corp.'s chairman and chief executive, and Apple head Steve Jobs were to personally take part in the cancelled January event at the San Francisco Museum of Modern Art.
The Daily unveiling was shifted closer to News Corp. offices in New York after Jobs went on medical leave from Apple this month.
Murdoch has touted the iPad as the potential savior of the struggling newspaper industry.
News Corp. has been tight-lipped about the project but Murdoch acknowledged its existence for the first time in an interview in November, listing it as one of the "exciting projects" his media and entertainment company was working on.
Forbes magazine has put the total staff on the project at around 150 and said News Corp. has budgeted 30 million dollars for the first year of the launch.
The Daily would bring together three of Murdoch's passions - newspapers, the iPad, and finding a way to charge readers for content online in an era of shrinking newspaper circulation and eroding print advertising revenue.
News Corp.'s The Wall Street Journal requires a subscription for full access to WSJ.com and Britain's The Times and The Sunday Times, two other News Corp. newspapers, recently erected pay walls around their websites.
In an interview in April with The Kalb Report, Murdoch called the iPad a "glimpse of the future."
"There's going to be tens of millions of these things sold all over the world," he said. "It may be the saving of newspapers because you don't have the costs of paper, ink, printing, trucks.
"It doesn't destroy the traditional newspaper, it just comes in a different form," he said.
Music Why this music festival is still the place to spot the next big thing
Film review Michael Glatze biopic isn't about a self-hating gay man gone straight
Arts & Ents blogs
- 1 East 17 bandmember Brian Harvey in 'very desperate situation’
- 2 Yorkshire man to win £10,000 off a £1 bet placed six years ago if Dan Jarvis becomes Labour Party leader
- 3 Vladimir Putin says Russia will fight for the right of Palestinians to their own state
- 4 Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
- 5 The West has it totally wrong on Lee Kuan Yew
Cassetteboy joins forces with Russell Brand for Emperor's New Clothes film
Poldark, TV review: Demelza’s insouciance is almost as impressive as Ross’ pecs
Jeremy Clarkson on Top Gear: Former Stig Ben Collins says show 'will always continue' with or without suspended host
Fifty Shades of Grey movie shows first sex scene 'after 40 minutes'
James May hints he will not continue on Top Gear without Jeremy Clarkson
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
The West has it totally wrong on Lee Kuan Yew
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'