Its an 'iPad Newspaper', for want of a better term, from NewsCorp. News Corp is the parent company to several news outlets, such as FoxNews, The Wall Street Journal, and sundry other papers.
I would love to pay and plan on doing so. Fox News and The Wall Street Journal are both outstanding sources for news. In fact, the WSJ is known for its outstanding record on Apple information. Since you are a newbie, I'll tell you that if The Wall Street Journal (A News Corp / Murdock Company) says something about Apple..... its pretty bankable. Moreover, MacRumors.com links to stores from News Corp's FoxNews and The Wall Street Journal several times a year. In fact, Steve Jobs routinely quotes the NewsCorp's WSJ in his keynotes.
If you really think Fox News is an unbiased and reliable source of news, then you are brainwashed. I am not saying MSNBC is unbiased either, btw.