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.

[Via AllThingsD]

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.

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