The title, which is reported to have had $30m (£18.9m) of investment from News Corp, will launch at the Guggenheim Museum in New York.
News Corp founder Rupert Murdoch will launch The Daily alongside iTunes VP Eddy Cue.
James Murdoch told an audience at the DLD conference in Munich earlier this week that the 99¢ weekly subscription title will be characterised by “depth and quality”.
Apple is also expected to use the high-profile event to announce its plans to relinquish some control around subscriptions and data collection across iTunes, giving publishers greater opportunity to engage with audiences downloading their products.
This story first appeared on newmediaage.co.uk