The wait is over. The Daily, Rupert Murdoch's iPad-only newspaper, will launch on Feb. 2 at an event at the Guggenheim Museum in New York City.

The wait is over. The Daily, Rupert Murdoch's iPad-only newspaper, will launch on Feb. 2 at an event at the Guggenheim Museum in New York City.

New Corp. sent out invitations to the press on Thursday morning.

It was previously expected to launch on Jan. 19, but the project so that Apple and News Corp. could iron out kinks in the subscription platform.

A weekly subscription to The Daily will cost $0.99. Apple is said to be developing a system that would deliver new issues to a subscriber's iPad automatically once he or she signs up for the service via iTunes.

Apple and News Corp. have worked side-by-side to develop the app. Before Steve Jobs announced that he would take a hiatus from Apple, the CEO was expected to appear on stage with Murdoch to unveil The Daily. However, the invitation said that Eddie Cue, Apple's vice president of Internet Services will appear at the Wednesday's launch.

The Daily is a new approach for News Corp., which traditionally buys an existing publication and restructures. This time Rupert Murdoch's company is starting from scratch. Murdoch has nabbed seasoned reporters from publications like Forbes and the New Yorker to create a product that covers a broad base of topics including news, arts, sports, entertainment, and opinions. It's also said to include a lot of the bells and whistles like audio and video now associated with iPad publications.

It's also a new development on the publication subscription frontier for Apple. Most magazines haven't taken off on the tablet because of the the .