If you thought iPad is only a platform to host third-party apps, thing again. Steve Jobs and Rupert Murdoch have been working, for quiet a few months now, to launch first ever tablet-based newspaper. The paper will be called Daily and will be exclusively available on iPad. That’s right, there will be no print or web edition, a fact that will help Murdoch sell the newspaper for a small fee of 99 cents per week.
Newscorp has hired a team of 100 journalists that will be working exclusively on the Daily out of the New York office. Murdoch, as reported, originally came up with the idea after reading a research report that people spend more time reading on their iPad then on the web. And adding to that the estimate of 40 million iPads by the end of 2011, Murdoch has very high hopes from this venture.
The newspaper is set to be launched in early 2011 and if everything goes right, it may be the answer to the recent worries of ailing newspaper industry around the world. Steve Jobs is reported to be a big fan of the media legend Murdoch has become and will be glad to include this additional revenue stream to the growing collection of iPad apps.