It's rumored to be similar to the Kindle but designed for newspapers, magazines

Amazon.com Inc. may be working on a new device that is similar to the Kindle book reader but designed specifically for newspapers and magazines.

The company has invited members of the press to an event on Wednesday that The New York Times, citing unnamed people, said will mark the launch of a reader like the Kindle but with a bigger screen.

Amazon did not reply to a request for comment about what might be introduced at the event. The Wall Street Journal reported late Monday that the new Kindle would be aimed at academic textbook publishers and said Amazon has already worked out deals with several textbook publishers to offer their material on the device.

More: http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9132528

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