NEW YORK ( TheStreet) -- News Corp. ( NWSA) and Apple ( AAPL) executives are expected to announce the launch of The Daily, a news service for the iPad, at an event in New York City on Feb. 2.

News Corp. CEO Rupert Murdoch was expected to take the stage with Apple ( AAPL) CEO Steve Jobs at the San Francisco Museum of Modern Art on Jan. 19 to unveil the digital publication.

The release was delayed a few weeks so executives could work out some "technical details" regarding the subscription pay model, the Associated Press reported, citing a person familiar with the matter.

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 has 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.

The event is set to begin at 11 a.m. ET next Wednesday at New York City's Guggenheim Museum. It will also feature an appearance from Apple vice president of Internet services Eddy Cue.

-- Written by Theresa McCabe in Boston.

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