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:
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.