News Corp. to halt The Daily after extended losses

12/5/2012 | PBS · TG Daily

News Corp. announced that it will shutter its experimental iPad publication The Daily in the face of $30 million in annual losses, with the last issue set for Dec. 15. The tablet-only news magazine, which launched in 2010, drew 100,000 paying subscribers, well short of the 500,000 it needed to break even. Some analysts blamed poor planning, bad timing and stiff competition in the "general news" publishing segment.

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PBS · TG Daily

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