|Dec 3, 2012, 09:16 AM||#1|
News Corporation Shutting Down Digital Newspaper 'The Daily'
As part of a lengthy press release sharing details on its separation into two independent publicly traded companies, News Corporation announced that it will be shutting down its digital newspaper The Daily on December 15. The Daily launched in early 2011 at a media event hosted by Rupert Murdoch and Apple's Eddy Cue, with the iPad-focused newspaper positioned as a groundbreaking new publishing paradigm priced at just $0.99 per week.
But rumors of The Daily's potential cancelation began surfacing earlier this year as the publication continued to draw revenues well below that needed to sustain the initiative, and even a 30% cut in staff was not enough to save it.
Apple's Eddy Cue (left) and News Corp.'s Rupert Murdoch at the launch of The Daily
Article Link: News Corporation Shutting Down Digital Newspaper 'The Daily'
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