Apple saves print media? Newsstand applications earning $70,000 a day on iPad

Is the publishing industry seeing its rebirth at the hands of Apple? According to the latest report from Distimo, the top 100 iPad apps in the Newsstand category are now earning more than $70,000 a day combined.

The company found that seven percent of the top 200 grossing iPad applications in February 2012 were Newsstand apps — aka magazines and newspapers. Of those well known, national publications like The Daily, The New York Times, The New Yorker, National Geographic and Cosmopolitan Magazine were the highest grossing overall.

Newsstand

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