The upcoming iPad newspaper “The Daily,” which is being produced by Rupert Murdoch‘s News Corp., will not be released in 2010. News Corp. president and COO Chase Carey revealed the news at the UBS Media and Communications conference in New York.

Carey stopped short of actually announcing the product, news of which has leaked out over the past few weeks, but he did acknowledge that the company was excited about it.

“It is a small bet, it doesn’t require a lot of capital,” Carey said.