Here's some more iPad news, fresh off the presses: Strangely, most consumers are not idiots, and will not pay exorbitant amounts of money to read newspaper iPad apps when they can find news cheaply and easily elsewhere.

Shocking! Tonight's forecast: Darkness!

PaidContent reports:

One big trend that's apparent: big media and entertainment companies are doing very well in top free apps, but are barely present in top paid apps, whether by number of apps downloaded, or by the gross revenues from their apps.

Obviously, it's still very early. Why, it seems like only yesterday that the iPad launched, and we don't want to dismiss these premium priced newspaper apps out of hand just yet.

Who knows, maybe weirdly priced $18 Wall Street Journal monthly app subscriptions are simply part of an elaborate slow cooker strategy with an ultimate goal that's beyond any of our understanding. Maybe. [PaidContent]