iOS 5 adds NewsStand, which is going to be huge for readers and publishers. Demoed at WWDC today, NewsStand looks just like the iBooks app, but this is for magazines and daily papers.
Working a bit like the Kindle magazine system, NewsStand will update your magazines when they are published without any fiddling around by users. Magazines can be read offline, and Apple has apparently signed up a boat load of magazines and newspapers.
The whole newspaper and magazine feature of iOS got off to a bit of a rocky start, with publishers not too happy about the Apple rules. It isn't clear if the rules have changed, but having the majority of your daily reading available in one place with auto downloads is a big step forward.