World Still Not Ready for a Tablet-Only Newspaper

It was ahead of its time frankly.  Give it a few more years, and it might well be seen as what is the stan­dard bearer for mobile news sites.

In 2011, News Corp launched “The Daily,” the world’s first tablet-only news­pa­per.  Today, they are announc­ing they are shut­ting it down after los­ing an esti­mated $30 mil­lion in its first year in business.

News Corp. is shut­ting down The Daily, its ambi­tious daily news­pa­per for the tablet mar­ket, after two years.

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,” reads a press release from News Corp.

In addi­tion, 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 Post.

Launched in Feb­ru­ary 2011, The Daily is said to have been hem­or­rhag­ing $30 mil­lion per year. Rumors of the title’s demise had been cir­cu­lat­ing since this sum­mer. In July, the title laid off 50 peo­ple from its staff of 170.

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