News Corp's "The Daily" Closes Shop

#Internet

Wed, Dec 5th, 2012 20:00 by capnasty NEWS

Back in February 2011, Ron Miller of internet evolution had predicted that News Corp's The Daily was doomed from the get-go because it used a 20th-century model in a 21st-century package.

Well, it took well over a year, but News Corp is now shutting down The Daily for good. As Adam Taylor and Julia La Roche of Business Insider report:

The latest News Corp press release says that the Daily, its standalone daily iPad newspaper, will "cease standalone publication".

The newspaper had a high profile launch in February 2011, but had apparently struggled to pay its way -- recent reports suggested the losses were looking like $30 million a year, and rumors that Rupert Murdoch would kill the publication have been around since at least early summer.

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