We'd wondered whether News Corps' "The Daily" would bring actual subscriptions to the iTunes Store. Wonder no more! Changes to the iTunes Terms of Service. Below, what Apple says has changed, followed by the specific section regarding In-App Subscriptions, found in the second half of the TOS:
Terms and Conditions and Apple Privacy Policy
A new “In-App Subscriptions” section has been added to the Terms and Conditions to explain how in-app subscriptions auto-renew, how the auto-renewal can be managed and turned off, and that we may request permission to provide personal information to the Licensor for marketing purposes which, if declined, will not affect your purchase.
IN-APP SUBSCRIPTIONS
Certain App Store Products may include functionality that enables you to purchase content on a subscription basis (“Paid Subscriptions”). Paid Subscriptions are non-refundable. Paid Subscriptions will automatically renew for the applicable time period you have selected, and your Account will be charged no more than 24 hours prior to the expiration of the current Paid Subscription. You may cancel automatic renewal by selecting Manage App Subscriptions in your Account and selecting the subscription you want to modify. The auto-renew feature of the subscription will be turned off if the Licensor increases the price of the subscription. Certain Paid Subscriptions may offer a free trial prior to purchase. If you decide to purchase a Paid Subscription prior to the end of the free trial period, your Paid Subscription will start immediately. Also see additional information about the Paid Subscription offer at the point of sale within the App Store Product. We may ask for your permission to provide the name, email address and zip code listed in your Account to the Licensor so that it can send you marketing messages about its own products in accordance with its publicly posted privacy policy. Once the Licensor has this information, it will be treated in accordance with the Licensor’s privacy policy. We encourage you to learn about the privacy practices of the Licensor before agreeing to give it your personal information. For more information, please review the Licensor’s privacy policy or contact the Licensor directly.