Industry sources are reporting that Apple and News Corp have been working on a new digital newspaper that would be delivered exclusively on the Apple iPad.
This new newspaper is likely to be named Daily and it would not have a print or a web based edition.
They are likely to price it cheap at around 99 cents per issue.
Daily could be launched as early as later this month.
Sources say that Rupert Murdoch is very excited about this project as he believes that people spend more time with their portable devices on their beds and couch these days rather than on a regular computer for checking out news.