According to the invitation, the event will be held at the Guggenheim Museum in New York City and will feature Eddy Cue, Apple's longtime iTunes executive who currently holds the title of Vice President of Internet Services.
Apple has been claimed to have worked with News Corp to develop new functionality to support recurring billing via users' iTunes accounts for subscriptions to publications such as The Daily. The Daily is rumored to be priced at 99 cents per week after a free introductory period.
Article Link: News Corp and Apple's Eddy Cue to Launch 'The Daily' on February 2nd