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.