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This app is the standard for news magazines and the Android version is really nice on the Nexus 7.
Once the preferred news sources are configured Flipboard presents them in a new magazine format fully optimized for the touch screen.
In addition to news sources, Flipboard can pull your Twitter and Facebook timelines into the app for easy access.
This app is my go-to app on every platform and the Android version takes full advantage of the Nexus 7 screen.
Notes are stored in the cloud and presented in an inteface using sliding panes to access multiple notebooks.