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News Corp. Explores News App For iPad, Phones

News Corp. is laying plans for a ground-breaking national news offering to be distributed via downloadable application for Apple Inc.'s iPad and for mobile phones. The venture, still in preliminary stages, would have its own dedicated reporting and editing staff, but draw from New Corp.'s publishing assets, such as the New York Post and Dow Jones. Readers would pay an yet-to-be-determined subscription fee.

If green-lit, News Corp. could invest anywhere from $30 to $40 million in the venture, according to a source. NYP executive editor Jesse Angelo would oversee the separate digital news operation, in addition to his newspaper responsibilities.

Read the whole story at Los Angeles Times »

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