From Los Angeles Times:
Rupert Murdoch, chief executive of News Corp., is hoping to lure the next generation of newspaper readers with the launch early next year of the Daily, an iPad-centric newspaper currently in development at News Corp.’s Manhattan offices, according to the New York Times.
Murdoch is sinking about $30 million into this venture, which will have a staff of about 100. It’s the first “newspaper” designed exclusively for tablet computers and is expected to include integrated media and photography constructed especially for the iPad, the New York Times said.
The Daily will incorporate some content from the rest of Murdoch’s media empire (Fox Sports will provide some video), but the majority of the Daily’s content is expected to be original, according to the report.