“The Daily” iPad magazine coming out on February 2, 2011

After an initial delay, The Daily, News Corp's iPad arrival, will finally launch on February 2, 2011 in New York's Guggenheim Museum. Rupert Murdoch will be joined by Apple's internet services VP Eddy Cue for the presentation of the magazine.

Eddy Cue is expected to shed some light on how exactly the subscription system works through iTunes. The iPad-only edition will take advantage of a new subscription API by Apple, which will handle both billing and timely content delivery.

The Daily for iPad, however, is not the first iPad-only edition. Richard Branson's Project Magazine was the first edition limited only to Apple's tablet. Reportedly, Apple will change its policy so that newspapers/magazines subscription will have to be exclusive for the iPad, unlike current deals when you can get a combined deal for both paper and iPad subscriptions.

source: SlashGear