Richard Branson’s Virgin Digital Book Publishing company on Tuesday launched “Project,” a digital lifestyle magazine, exclusively for distribution on the Apple iPad.

The magazine, which will reportedly feature multimedia content, will be priced at US$2.99 an issue.

This is the second digital magazine created exclusively for the iPad announced by a major company; the first was “The Daily,” from News Corp. (Nasdaq: NWS), which is scheduled to be launched next year.

Will Virgin’s endorsement of the iPad as a publishing platform undermine publishers’ consortium Next Issue Media, which is trying to squeeze Apple by launching a digital newsstand on the Android platform early next year?

The Book Publishing Project Has Landed

“Project” was created jointly by Virgin Group and UK multimedia book publisher Seven Squared. It’s a monthly magazine that will change as often as minute-by-minute to give readers up-to-date news.

The publication is based around design, entertainment, technology and entrepreneurs. It will have its own staff, and it will also encourage contributions from the public.

“Project” is edited by Anthony Noguera, formerly editorial director of men’s lifestyle magazines at H. Bauer, the largest privately owned publisher in Europe. The publication’s art director is Che Storey, formerly of Arena and Men’s Health magazines.

The cover story for the first issue focuses on Jeff Bridges. Other subjects include Yamauchi Kazanori, the developer behind the “Gran Turismo” game series.

“Project” claims to have landed top-flight advertisers, including Lexus, American Express (NYSE: AXP), Panasonic, Ford UK and Ford Canada.

Readers Heart Digital

Consumers apparently love their tablets — an online survey of more than 1,800 consumers conducted by Harrison Group and Zinio in September found that 13 percent of consumers are interested in buying a tablet-based device within the next 12 months.

The survey also found that 55 percent of tablet and e-reader owners who read digital content are consuming more digital content than they expected, and that 33 percent are spending more on buying digital content.

That led the Harrison Group to forecast sales of more than 20 million tablets and e-readers next year.

“This is a continuation of the trend in that you’ve got a whole host of devices that are receptacles for Internet-based content,” Frank Dickson, a vice president of research at In-Stat, told MacNewsWorld. “You’re seeing reconfiguring of content, which is already in digital form for another medium, whether it’s the iPad, the Nook, the Kindle or the smartphone,” he added.

“Before the iPad, book publishers tended to think they had to choose whether consumers wanted to read content in print or in digital format,” Jeanniey Mullen, a spokesperson for Zinio, told MacNewsWorld. “Now they’re finding people may love print, but they want digital access as well so they can take their digital device with them and read on the go.”

The Agony and the Ecstasy of the iPad

The iPad has forced the publishing industry to take digital media seriously, Mullen said.

“When the iPad came out in April, it was the first time that the publishing industry began committing design and strategic resources to building up digital readership,” Mullen explained.

Strong consumer demand has made the iPad the spea

The parents of Madeleine McCann are writing a book about their daughter’s disappearance and their so-far unsuccessful efforts to trace her.

A deal has been signed with book publishers Transworld which is an imprint of Random House UK. Few details have been revealed but Kate and Gerry McCann are receiving a “substantial” advance and “enhanced royalties” which gives the couple a bigger than normal share of the profits from sales.

The book is already part-written. Kate McCann said it had been a difficult decision but the money it raised would go directly to the McCanns’ official fund to look for Madeleine.

“My reason for writing is simple – to give an account of the truth,” she said. “With the depletion of Madeleine’s Fund, it is a decision that has virtually been taken out of our hands.”

Hopeful

Gerry McCann said he was hopeful the publication would help the ongoing efforts to find out what had happened to their daughter, who went missing from their holiday apartment in the Portugese resort of Praia da Luz on 3 May 2007, as her parents dined with friends nearby.

“Our hope is that it may prompt those who have relevant information – knowingly or not – to come forward and share it with our team. Somebody holds that key piece of the jigsaw.”

The book publisher, Bill Scott-Kerr of Transworld, is more than happy with the deal and sees the book – expected to retail at £20 – as a big seller.

“It is an enormous privilege to be publishing this book” he said. “We are so pleased to be joining Kate and Gerry McCann in the Find Madeleine campaign.”

There are also expected to be newspaper serialisations around the publication date, believed to be 28 April 2011 which would coincide with the fourth anniversary of Madeleine’s disappearance.

The official Portuguese inquiry was formally shelved in July 2008, although private detectives employed by the McCanns have continued the search.