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.
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