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News Corp and Apple's Eddy Cue to Launch 'The Daily' on February 2nd

The Loop reports that Apple and News Corp have issued invitations for a media event scheduled for Wednesday, February 2nd at 11:00 AM to introduce The Daily, a new tablet-focused news publication set to debut on the iPad.

According to the invitation, the event will be held at the Guggenheim Museum in New York City and will feature Eddy Cue, Apple's longtime iTunes executive who currently holds the title of Vice President of Internet Services.

Apple has been claimed to have worked with News Corp to develop new functionality to support recurring billing via users' iTunes accounts for subscriptions to publications such as The Daily. The Daily is rumored to be priced at 99 cents per week after a free introductory period.