None of this has anything to do with this story. This won't be Fox News on the iPad, but a Murdoch product of some nature and bias that is not yet known. In other countries Murdoch doesn't push the fake conservative nonsense that we see on American TV, and so The Daily might be quite different. We'll have to wait and see. Murdoch, after all, is not especially conservative (not in the American sense), but rather he is after profit and power however he can find it. If profit meant he should push liberal ideas, Fox News would instantly switch to being liberal.
One thing I do know about The Daily: the price is right, but only if they provide something that cannot easily be found for free elsewhere on the Net. In other words, it can't just be the daily news. If they provide more, they may succeed. And if Steve Jobs is involved, I bet he knows this already.