Yesterday NewsCorp unveiled their new subscription based iPhone app. This was apparently huge news for the people at FOX:

But at 11:00 AM Eastern Time, while MSNBC and CNN ran breaking news alerts and reported live from Cairo, Fox and Fox Business reported live from the Guggenheim Museum in Manhattan to bring viewers the unveiling ceremony for News Corp latest product, an iPad newspaper called “The Daily.” Fox News aired a full half hour of the promotional event, featuring NewsCorp chairman Rupert Murdoch giving a hard sell of his latest media foray.

After all, nothing else was going on at that time yesterday. The people in Egypt were all out singing Kum By Yah, while the people in this country basked in summer like weather and Australia had clear skies and no wind.

In other NewsCorp news, the continued new media failure of Rupert’s company hit a new high as they look to offload MySpace.