Digital revolution does indeed hit the newsstand

Summary:The iPad newsstand is generating $70,000 per day, a healthy revenue for the starving publishing business.

The newspaper industry is still reeling with dropping circulation and has tried to find an alternative source of revenue to protect its turf. A new study by Distimo shows that for some publishers the digital revolution has hit the newsstand with iPad news apps generating $70,000 per day.

As TUAW points out, most of that daily revenue is generated by the three top publications, The Daily, New York Times, and The New Yorker Magazine. The daily revenue is generated by the top 100 iPad newsstand apps, so the revenue is spreading around.

The iPad newsstand only appeared six months ago so it is doing pretty well for this early point in its life. The publishing industry may not have its savior yet, but things could be looking a lot worse for the digital age.

Topics: CXO

About

James Kendrick has been using mobile devices since they weighed 30 pounds, and has been sharing his insights on mobile technology for almost that long. Prior to joining ZDNet, James was the Founding Editor of jkOnTheRun, a CNET Top 100 Tech Blog that was acquired by GigaOM in 2008 and is now part of that prestigious tech network. James' w... Full Bio

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