toggle

AAPL Stock: 95.6 ( -2.55 )

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

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

toggle

Most Commented