Philip Elmer-DeWitt is covering the launch of The Daily by News Corp. and Apple, live from the Guggenheim:

Some notes:

• New subscription billing with one click: Weekly at 99-cents, yearly at $39.99.

• Navigation is pretty open, including a iTunes type album views. Lots of sharing — e-mail, Twitter right on the page. Fox News talking heads. Games and apps featured. Lots of touch and animation, like the SuperBowl timeline that shows every game through history.

• Murdoch: New times require new journalism. Our challenge was to take the best of traditonal journalism — shoe-leather reporting — and combine it with the best of technology. Simply put, the iPad demands that we completely reimagine our craft. The magic of newspapers and blogs is the element of surprise and the deft touch of a good editor. We must make the business of newsgathering viable again.

Follow along live here.

[Thanks to MacDailyNews Reader “iWill” for the heads up.]