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NoNewsIsGoodNews may not offer you anything new, but it goes to show exactly how jailbreaking your iPhone makes all the difference. This application completely removes Newsstand, which cannot be put into a folder or moved away from the home screen.
This tiny application doesn't display an icon, it just does what it says it will do: it hides Newsstand, so you can fill up that extra space on your first home screen with anything you like.
Compatible with: iOS 5+ (including 5.1.)