Apple’s Newsstand feature wasn’t without controversy as the company rolled it out. Issues around Apple’s control of subscriptions as well as the company’s 30% cut of content sales were hotly debated last year. However, with Newsstand a hit, publishers (and Apple) are reaping $70,000 a day from it.

And, if publishing execs everywhere agree with The Economist’s CEO Andrew Rashbass, that controversy is dead and buried – and it’s other iOS digital distribution models that pose a threat to publishers.

What do Dr. Seuss, William Faulkner, J.K. Rowling, George Orwell, F. Scott Fitzgerald, and Stephen King have in common? All six were repeatedly rejected when trying to publish their first famous novel. With the announcement of iBooks 2 and iBooks Author, Apple isn’t just giving the education system a much needed boost: they’re attempting to resurrect the dying art of the written word by taking absolute power out of the hands of publishers and putting it in the hands of aspiring writers. We’re on the cusp of a renaissance.

Phil Schiller took the stage at Apple’s education event in New York City to announce the company’s plans for reinventing textbooks. Schiller said that textbooks are currently “not durable” “not interactive” and “not searchable.”

Apple will change all that with its new software for iPad: iBooks 2.

Apple is planning a media event in New York this month, according to AllThingsD. While we shouldn’t expect to see the iPad 3 or a new Apple TV, AllThingsD’s usually-reliable sources have indicated the event will be “important,” but not “large-scale.”

Apple’s iCloud exec, Eddy Cue, is expected to show at the event in late Janurary. The last time Cue took the stage in New York was to help launch the iPad-only magazine by News Corp called The Daily.

Did Apple conspire with major publishers to increase e-book prices? The European Commission has launched an antitrust probe of Apple and five publishers amid claims the industry was “terrified” by Amazon’s $9.99 e-book push. At the heart is Apple’s iBookstore and the tech giant’s “agency model” that a California lawsuit charges inflated book prices.

Apple has just announced the launch of App Store Subscriptions, a service “for all publishers of content-based apps”.

It’s the same system used for News Corp’s much-hyped The Daily.

The deal is simple: Apple takes 30% of all subs bought through the App Store. Publishers are allowed to sell subs via other channels if they wish, and keep all the money.

Or in a comment attributed to Steve Jobs in the official press release:

“Our philosophy is simple—when Apple brings a new subscriber to the app, Apple earns a 30 percent share; when the publisher brings an existing or new subscriber to the app, the publisher keeps 100 percent and Apple earns nothing.”

Apple has released an announcement, via e-mail, that enhancements to iWork.com Apple’s public beta online service for iWork ’09 users have been released.

This announcement came out of the blue regarding a service that has definitely been off the radar for a long time and in beta for longer than I can remember. It’s future isn’t clear considering the pace at which Apple is deploying features on it. Perhaps that will change this year with the rumored release of iWork ’11.