Murdoch's minions have been working on this tablet-only newspaper for a long time, putting one of his stars at the helm of the new venture: Jesse Angelo, the managing editor of the New York Post. Angelo has been handpicking top editors and writers to create The Daily which, according to sources close to the project, will be a "tabloid sensibility with a broadsheet intelligence."

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The new tablet-only newspaper would use the new App Store subscription model at 99 cents a week, about $4.25 per month. The app may go in beta this December, while WWD suggests that Murdoch himself could join Steve Jobs on its 2011 public presentation.

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Knowing that Jobs and Murdoch have good relations—and knowing how mad Jobs has been at his dear New York Times—it all sounds pretty reasonable to me—even if both characters have completely different political views. [WWD via The Guardian]