toggle

AAPL Stock: 112.01 ( -0.53 )

Printed from http://www.macnn.com

News Corp. considering cutting The Daily, source says

updated 12:00 pm EDT, Thu July 12, 2012

Tablet-based news app said to be losing millions

News Corporation may be on the verge of shutting down The Daily, according to a source in contact with the New York Observer. The publication has allegedly been put "on watch" because of ongoing financial losses totaling about $30 million per year. Its fate is expected to be reevaluated after the US Presidential elections on November 6th.

The Daily was launched to intense media attention in February 2011, and developed with help from Apple, which brought in-app subscriptions to the App Store for the first time. The publication was initially restricted to the iPad however, and only relatively recently has it become accessible on the iPhone, as well as Android tablets and smartphones. That may be hampering its audience; critics have also complained about factors like a conservative bias, and tabloid-style content.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lackin ...

toggle

Most Commented