iPad Publication ‘The Daily’ Shutting Down

The Daily, Rupert Murdoch's iPad media adventure, is shutting down after losing millions, Business Insider reports:

Daily-coverNews Corporation also announced that effective immediately, Jesse Angelo, the founding Editor-in-Chief of The Daily and long-time Executive Editor of The New York Post, will assume the role of Publisher of The New York Post. As part of a digital restructuring initiative, the company will cease standalone publication of The Daily iPad app on December 15, 2012, though the brand will live on in other channels. Technology and other assets from The Daily, including some staff, will be folded into The Post.

Mr. Murdoch said: “From its launch, The Daily was a bold experiment in digital publishing and an amazing vehicle for innovation. Unfortunately, our experience was that we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term. Therefore we will take the very best of what we have learned at The Daily and apply it to all our properties. Under the editorial leadership of Editor-in-Chief Col Allan and the business and digital leadership of Jesse, I know The New York Post will continue to grow and become stronger on the web, on mobile, and not least, the paper itself. I want to thank all of the journalists, digital and business professionals for the hard work they put into The Daily.”

Comments

  1. ger says

    Good lord, Sam, is that really what you got from this story? It’s not Apple that’s lost anything, it’s News Corp.

  2. Icebloo says

    It would be a GREAT day if the whole of News Corporation was shut down. The evil empire needs to be stopped !

  3. Modern Meet says

    Is it safe to say that many iPad users are on to Murdoch, boycotting The Daily from the beginning? Anyone?

  4. HA! says

    I really dislike gay people that revel in the failure of others. So “The DAily” did not make it, so what?

    It has nothing to do with Boycotts,oh yeah and ICEBLOO, really nice, just what are country needs is more unemployed men and women.