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.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry