News Corporation Is Shutting Down The Daily
News Corporation announced today that they are shutting down the iPad-only digital newspaper publication known as The Daily effective December 15, 2012. The Daily will become part of a brand in “other channels” like The New York Post according to a News Corporation press release. The New York Post will adopt The Daily’s technology section and other components.
The Dow Jones Editor-In-Chief and Managing Editor of The Wall Street Journal Robert Thomson will become the CEO of a new proposed publishing entity following the company’s separation into two independent and publicly traded companies.
Jesse Angelo, the founding editor-in-chief of The Daily and long-time executive editor of The New York Post will become the Publisher of The New York Post.
“From its launch, The Daily was a bold experiment in digital publishing and an amazing vehicle for innovation. Unfortunately, our experience was that we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term. Therefore we will take the very best of what we have learned at The Daily and apply it to all our properties. Under the editorial leadership of Editor-in-Chief Col Allan and the business and digital leadership of Jesse, I know The New York Post will continue to grow and become stronger on the web, on mobile, and not least, the paper itself. I want to thank all of the journalists, digital and business professionals for the hard work they put into The Daily,” stated Rupert Murdoch.