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Online News On the Rise, "The Daily" latest iPad E-Newspaper

It seems like printed newspaper will continue to dwindle in circulation as more and more companies switch to online newspapers. News Corp.'s Rupert Murdoch is the latest in those switching paid content to the internet. The company launched on Wednesday "The Daily," a digital newspaper created for Apple's iPad.

"New times demand new journalism," the 79-year-old News Corp. chairman and chief executive said as he took the wraps off the hotly awaited publication at a press event at the Guggenheim Museum in New York.

The Daily will only be available online. During the launch Murdoch praised the iPad as an "incredible new platform" and he is seeing the e-newspaper as something that would provide a fresh new voice.

So what's new with "The Daily"? Well, according to Murdoch himself the e-newspaper will be a "very patriotic American newspaper that believes in free thinking and free markets and freedom for everybody."

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