The latest quarterly results from News Corporation say The Daily, the much-publicized iPad newspaper, has lost US$10 million. Much of the loss is associated start-up costs. News Corp. reports The Daily costs about $500,000 a week to produce, and revenues depend on advertising and subscriptions. The company has not revealed how many of the people who downloaded the free introductory subscriptions have converted to the pay model.
When The Daily came out I thought the $39.99 annua
