iPad Newsstand making sales of $70,000 a month for in-app publication apps

The top 100 grossing publication apps in the iPad Newsstand are bringing in about $70,000 a month, according to a two-year study carried out by analytics firm Distimo. In that top rank are the New York Times, TheDaily and The New Yorker. According to a story in Minonline, the Newsstand  -- which is only about six months old -- represents about 7% of the top 200 grossing apps.

Almost all of this revenue is coming from in-app purchasing. For February the top 5 grossing Newsstand apps were The Daily, NYTimes for iPad, New Yorker Magazine, National Geographic and Cosmopolitan.