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
