News Corp announced major changes to its corporate structure that includes shutting down The Daily, an iPad-based newspaper. CEO Rupert Murdoch announced the changes in a press release on Monday. Though a “bold experiment in digital publishing,” the venture was not “sustainable in the long-term,” writes Murdoch.
Publication of The Daily will halt on December 15 and the remaining technology and assets of the iPad-based magazine will be folded in to the New York Post. The digital newspaper had approximately 120 employees after laying off staff earlier this year.
News Corp to shut down iPad-based newspaper, The Daily originally appeared on TUAW – The Unofficial Apple Weblog on Mon, 03 Dec 2012 09:00:00 EST. Please see our terms for use of feeds.