News Corp. Shutters The Daily

    NEW YORK, NY - FEBRUARY 02:  News Corp. CEO Rupert Murdoch sits on stage for the launch of his new online newspaper for the Apple iPad called The Daily on February 2, 2011 at the Guggenheim Museum in New York City. The new media product is owned by News Corp. and will be sold for 14 cents a day.  (Photo by Spencer Platt/Getty Images) *** Local Caption *** Rupert Murdoch

    Spencer Platt

    News Corp. digital newspaper The Daily will cease publication Dec. 15, according to a press release issued Monday. Staff from the publication, which Rupert Murdoch launched in February 2011 as an iPad-only newspaper, will be folded into the New York Post, where Daily editor Jesse Angelo will take the helm as publisher. Angelo had formerly been executive editor at the Post in addition to his digital duties. The Daily has by some reports been losing $30 million a year, and Murdoch said in the press release that the publication “could not find a large enough audience quickly enough” to be sustainable.

    Read it at All Things Digital