Rumors are circling that News Corp CEO Rupert Murdoch is teaming up with Apple CEO Steve Jobs to launch a new digital-only newspaper. Dubbed, "The Daily," the iPad project will allegedly stream right a user's device seven days a week for the fairly low price of $0.99 per week, or roughly $4.25 monthly.

According to an article by Women's Wear Daily, "The Daily" will look to cover national news—a "tabloid sensibility with a broadsheet intelligence" that's fun to read, but nevertheless serious in its newsgathering mission.

Around 100 staffers will contribute to the paper's digital pages out of News Corp's New York City headquarters. There won't be any foreign bureaus—or even a branch in Washington D.C.—but reporters will nevertheless be expected to cover elements like the 2012 campaign (and other high-level political news) by breaking news and covering beats like a typical print-news journalist.

However, it's important to note that "The Daily" won't be iPad-only. At least, not eventually. Expect to see a beta version of "The Daily" launched sometime around late December—perhaps even on a rumored standalone newsstand application that Apple's alleged to be working on. The full version of "The Daily" will hit the iPad and other unannounced tablets in early 2011.

"Several sources said Apple chief Steve Jobs and Murdoch have been in conversations about the project for a while," writes Women's Wear Daily's John Koblin. "When the project is announced, don't be surprised if you see Steve Jobs onstage with Rupert Murdoch, welcoming The Daily to the app world."

The move comes in the wake of rumors that Apple's investigating newspaper subscription plans that would run in a manner similar to the company's App Store. In return for a cut of the subscription price and advertising revenues, newspapers and magazines will be permitted to offer subscriptions through the App Store itself.