STEPS
TOOLS
On a new home page, move the Newstand App and 2 Apps onto it.
Hold down any App until they start to 'shake'
Slide one of the Non-Newstand Apps onto the other Non-Newstand Apps.  But BEFORE letting go, quickly slide the Newstand App into the rectangle.
 Apple Device (iPhone, iPod)
 iOS5

How to hide newstand app (ios 5.0 and 5.0.1 only)

Not using the Newstand app? Hide it with this fix. (ONLY works with iOS5.0, NOT for iOS 5.0.1)