This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

News Corp. Readies The Daily for iPad

NEW YORK ( TheStreet) -- News Corp. (NWS - Get Report) is prepping a tablet newspaper application on the grand hope that the Apple (AAPL - Get Report) iPad is the future path for news delivery and payments.

With a 100-member staff and a $30 million budget, according to The New York Times' media columnist David Carr, News Corp. will soon be launching The Daily. The electronic newspaper is expected to be assembled in the evening and sent to subscribers' iPads in the mornings, similar to conventional newspapering.

The Daily will initially include a temporary Web site for access to non-subscribers, according to Carr's column Monday.

Apple

News Corp. chief Rupert Murdoch, whose company runs The Wall Street Journal and the New York Post, has been working on an electronic news delivery idea for more than a year, targeting e-readers.

Murdoch is eager to stop the erosion of news revenue as so-called aggregators such as Yahoo! (YHOO - Get Report) and Google (GOOG) collect and index stories free online. Through an Apple iPad application, Murdoch is likely to have better control over the content distribution and therefore the payment collection.

Last year, in an interview with TheStreet's Dan Freed, Murdoch was still debating how the final payment process would work.

"We're still thinking our way through this, and there will be micropayments as part of it," Murdoch said at the time. "But I'm thinking much more along the lines of subscriptions like The Wall Street Journal does."

The upshot: While the payment system seems quite forward looking, the yesterday's-news-today delivery approach appears to lack the type of immediacy that online readers have come to expect.

--Written by Scott Moritz in New York.



>To contact this writer, click here: Scott Moritz, or email: scott.moritz@thestreet.com.

To follow Scott on Twitter, go to http://twitter.com/MoritzDispatch.

>To send a tip, email: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $123.81 -0.50%
GOOG $544.15 -0.70%
NWS $15.78 -0.57%
YHOO $44.24 -0.44%
FB $81.37 -1.00%

Markets

DOW 17,699.35 -76.77 -0.43%
S&P 500 2,056.41 -11.48 -0.56%
NASDAQ 4,863.1930 -37.6920 -0.77%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs