You probably know by now that Steve Jobs and Rupert Murdoch are teaming up to create a newspaper for the ipad. Given the projected growth of the ipad, this seems like a smart business move.  And since they’re both millionaire or maybe billionaire businessmen, it is  likely to succeed.

As a journalist, I want nothing more than for people to consume news. And as one who has seen so many of my friends and co-workers lose their jobs over the last three years, I know how important it is for people to pay for the news they consume, even though that practice is pretty much extinct, at least for general-interest mainstream news.

Because of that, I find this idea very intriguing. It’s a new revenue source by which to pay the journalists doing the reporting, writing and editing with none of the expensive overhead that comes with printing presses and the like.

And with no print or web edition, it will be interesting to see how it all plays out. The lack of a print edition doesn’t surprise me at all,  since so many newspapers have nixed their print editions. The Seattle Post-Intelligencer has been web-only for over a year now, and  so has the Christian Science Monitor and both are claiming success.

But there’s something about the lack of an online edition that doesn’t sit right with me. It just seems a bit odd. And I also wonder if people will pay .99 for something they can get free online.

According to reports, Murdoch has hired 100 journalists and has top-notch editors on board. So with that being the case, maybe there will be some content that you can’t get elsewhere online.

I think there would have  to be for this to work.

But that’s how I feel today and that could change. If it does. you’ll be the first to know. This is definitely a big story I will follow very closely, because if it works, I’m sure we’ll see a lot more of it.

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