“The Daily” was constantly being talked about when it was coming up to it’s launch, and now it’s back in the news, but not for a good reason. According to The New York Observer, News Corp., The Daily’s parent company, is reportedly losing $30 million a year on The Daily, and it has been placed “on watch” within the company. The observer says that the The Daily will reportedly be “reassessed” after the presidential election come this November.
The Daily was the first iPad-exclusive publication when it launched, and has since expanded to the iPhone and Android devices. When it launched, News Corp. said they would need 500,000 subscribers to break even, and the number has floated well below that estimated threshold. The app currently costs $0.99 in the App Store and a yearly subscription costs $39.99 for the iPad. The iPhone and Android versions are considerably less.
What do you think? Do you use The Daily and don’t want to see it fall? Are you sad to see it potentially go? Let us know in the comments.
Via: New York Observer