The Daily Shutting Down: News Corp. To Cease Daily iPad Publication [View all]
Source: Huffington Post
After months of downsizing and rumors of its imminent closing, News Corp. announced its decision to cease publication of The Daily effective mid-December. News Corp. made the announcement on Monday.
Murdoch called the daily iPad news publication, the only one of its kind, "a bold experiment in digital publishing and an amazing vehicle for innovation" that "could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term."
Daily Editor-in-Chief Jesse Angelo will become Publisher of The New York Post. According to the News Corp. press release obtained by Business Insider:
According to AllThingsD, the iPad application employs roughly 120 employees. In July, News Corp. laid off almost one-third of The Daily staff (at the time—70 of its 150 staffers) and put the publication "on probation" just eighteen months after its debut.
Read more: http://www.huffingtonpost.com/2012/12/03/the-daily-shutting-down-news-corp-cease-ipad-publication_n_2230842.html
Good. Fuck all things Murdoch.
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