On Tuesday morning, CNN introduced an iPhone app that puts to shame similar products. Featuring live newscasts, video-on-demand, and a familiar iPhone interface, the CNN iPhone app also takes a step ahead of other news apps by charging $2 for the download.

NPR, Thomson-Reuters, Time Magazine, Associated Press, and Financial Times all have some snazzy apps delivering content to mobile users, free to download. CNN was late in delivering a dedicated news app for the iPhone, but now arrives in style with a novelty app that brings both live video from the news channel and on-demand content.

Besides the regular text and photo content that a free single-source news app usually delivers, the CNN iPhone app steals the spotlight with live video streaming for breaking news and on-demand video of recent newscasts.

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