As of this writing, Rupert Murdoch and team are taking questions from the press during The Daily's launch event, and the app itself is now live in the App Store. The long-anticipated app was finally demonstrated and released earlier today. Verizon is sponsoring a free two-week trial period for all customers. After that it will cost US$0.99 per day week or 39.99 per year.

We'll have more on The Daily throughout the day, so check back often.

This article was originally published on Tuaw.