News Corp.’s experiment with the newspaper of the future is coming to an end. In a press release covering a wide range of corporate restructuring initiatives, the media conglomerate announced that it is closing The Daily, the tablet-only newspaper that launched with much fanfare in early 2011.
Though a “bold experiment in digital publishing,” the venture was not “sustainable in the long-term,” explains News Corp. Chairman and CEO Rupert Murdoch in the press release.
Publication of The Daily will halt on December 15. Remaining assets and some staff of the iPad-based magazine will be folded in to the New York Post. The digital newspaper had approximately 120 employees after laying off staff earlier this year.
[Via AllThingsD]
News Corp. to shut down iPad-based newspaper, The Daily originally appeared on TUAW – The Unofficial Apple Weblog on Mon, 03 Dec 2012 09:00:00 EST. Please see our terms for use of feeds.
Source | Permalink | Email this | Comments