Five things to know about Newscorp’s The Daily iPad app

After investing several months and $30 million to develop a 21st century newspaper, media mogul Rupert Murdoch and his company News Corporation (NWS) today unveiled its long-anticipated iPad app The Daily.

New times demand new journalism, said the 79-year-old Murdoch, who parlayed a family-owned newspaper in Australia into an international empire which includes the The Fox Broadcasting Network, The Wall Street Journal and British Satellite Broadcasting. The iPad demands that we completely re-imagine our craft.

After mixed success launching and acquiring Internet ventures over the last decade and a half - most notably MySpace - News Corp today enters the tablet space with a very public endorsement from Apple (AAPL) during a press conference held at New Yorks Guggenheim Museum.

So, what will consumers uncover after downloading The Daily? Here are five things to know about one of the most ambitious iPad apps to date.

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