Murdoch to Unveil 'The Daily' Next Week

NEW YORK ( TheStreet) -- News Corporation ( NWSA) CEO Rupert Murdoch is planning to unveil The Daily, a news publication for tablet computers, at an event in San Francisco next week, Bloomberg reports.

Murdoch will take the stage with Apple ( AAPL) CEO Steve Jobs at the San Francisco Museum of Modern Art on Jan. 19 to launch the publication, Bloomberg said citing a person familiar with the matter.

News Corp.'s The Daily is expected to be a $1 a week digital publication subscription product for the iPad that will feature general news, sports, arts and opinion sections. Murdoch reportedly hired over 100 journalists to staff the publication.

In an interview in November, Murdoch told the Australian Financial Review that there will not be a print edition of The Daily.

Murdoch controls a number of news and media outlets around the globe. His company recently received regulatory approval from the European Union to acquire U.K.-based British Sky Broadcasting, or BSkyB.

The company already owns four major U.K. newspapers, including the nation's largest publication, News of the World. By buying out Sky, News Corp. would acquire its 10 million customers, or close to 66% of the pay-TV subscribers in the U.K.

News Corp. shares are down 2.2% to $14.31 today.

-- Written by Theresa McCabe in Boston.

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