The Daily loses money?
Talking about how The Daily loses money reminds me of a quote from Citizen Kane:
Charles Foster Kane: You're right, I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars *next* year. You know, Mr. Thatcher, at the rate of a million dollars a year, I'll have to close this place in... 60 years.
News Corp has very, very deep pockets. If they have the guts to take the long view and are willing to take the short term loss until they "get it right", they could be sitting very pretty as the cost of tablets goes down.
Talking about how The Daily loses money reminds me of a quote from Citizen Kane:
Charles Foster Kane: You're right, I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars *next* year. You know, Mr. Thatcher, at the rate of a million dollars a year, I'll have to close this place in... 60 years.
News Corp has very, very deep pockets. If they have the guts to take the long view and are willing to take the short term loss until they "get it right", they could be sitting very pretty as the cost of tablets goes down.
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