Famous media magnate Rupert Murdoch and British billionaire, owner of famous Virgin Group Richard Branson have decided to create a periodical which will only be available for iPad tablets.

Presentation of the Project magazine will take place in New York on November 30. It is an online magazine and its main topics involve showbiz, international culture, business and traveling.

In early December Murdoch’s News Corp company will present Daily online newspaper. It will be available for iPad owners from 2012. Murdoch has invested $30 million in that project.

Both periodicals will only be available for iPads, ITAR-TASS informs. They will not be available on the internet.