News Corp. has announced the release of a tablet-only newspaper called The Daily. The app will carry a yearly subscription fee of $39.99 or $.99 per week.

$30 million was spent in preparing the app. “It’s incredible to believe that something of this production value can be done every single day,” said Apple VP Eddy Cue.

The news-as-digital magazine will feature 360-degree photographs, interactive content, high definition video along with more standard newspaper offerings like horoscopes, weather and crossword puzzles. There will also be a ‘Apps and Games’ section with reviews of iPad software and links to the App Store, along with customizable scores and stats for a reader’s favorite sports teams.

Source: Apple Insider