Murdoch, the 79-year-old chairman and chief executive of News Corp, and Eddy Cue, vice president of Internet Services at iPad maker Apple, are to take the wraps off The Daily at an event at the Guggenheim Museum in New York.
The Daily had originally been scheduled to be unveiled in San Francisco last month but the event was delayed at the last minute by Apple's announcement that chief executive Steve Jobs was going on medical leave.
According to The Wall Street Journal, which is owned by News Corp, The Daily will cost 99 cents a week and will be sold exclusively through Apple's online iTunes store.
New issues will be automatically delivered to a subscriber's iPad every morning.
The Journal said News Corp. has hired about 100 people to work on The Daily, including veteran journalists from the New Yorker, Forbes, the New York Post and other publications.
