Newspapers, Ipad | featured news

It was too expensive. It lacked editorial focus. And for a digital publication, it was strangely cut off from the Internet. That's the obituary being written in real time through posts, tweets and online chats about The Daily, the first-of-its-kind iPad newspaper that is being shut down this month.

Apple appears to have reversed its guidelines for magazine and newspaper subscriptions purchased in its App Store, in a big victory for publishers who blanched at the original terms.

Apple has agreed to allow publishers to sell subscriptions through its popular App Store, an issue that has been a source of contention since the iPad went on the market.

News Corp Chairman Rupert Murdoch, among the most ardent defenders of the traditional press, introduced the first ever newspaper created solely for tablet devices like the iPad.

The top 5 things I'm hoping to see in The Daily, the iPad-only news serviceFull Coverage: iPad

Media mogul Rupert Murdoch is developing a digital newspaper exclusively for the iPad and other electronic tablet devices, according to the Women's Wear Daily website.

The New York Post is the latest newspaper to cross the iPad barrier, with a new, full-content tablet.

By contrast, The Wall Street Journal and the New York Times are working with test iPads, according to people familiar with the matter. Six advertisers, including Coca-Cola and FedEx, have agreed to advertise with the Journal, and a four-month ad package costs $400,000, according to these people. Coke and FedEx declined to comment on terms. The Journal plans to charge subscribers $17.99 a month for iPad subscriptions, according to a person familiar with the matter.