Sunday, August 5, 2012

Analysis: The Daily Cuts a Third of Its Staff

The Daily, News Corp.'s NWSA +1.43% experiment with a tablet-only daily newspaper, laid off 50 people, or nearly a third of its staff, about 18 months after its launch.

When it launched in February 2011, the Daily was one of the industry's boldest attempts to not just make money from news in a digital world but focus solely on readers using mobile devices. The newspaper never had a print edition and readers must pay for a digital subscription.

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