News Corp proprietor Rupert Murdoch will soon be releasing the digital national newspaper for tablet devices such as Apple's iPad.

In regard of this the digital newspaper will be coming in the form of paid app that entitles an application fee along with itself.

News Corp., the owner of the Wall Street Journal, will pay $500 million to settle a lawsuit filed by Michigan-based Valassis Communications Inc. over competition in the newspaper insert business.

A federal case filed by Valassis Communications against News Corp.’s News America Marketing unit had been scheduled to open in Michigan on Tuesday.

It was informed that the $500-million settlement deal would cover the $300-million jury award in July by a Michigan circuit court plus the federal and California cases.