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The Daily, a News Corp. (NWS, NWSA) iPad paper launched to much fanfare last year, is laying off...

The Daily, a News Corp. (NWS, NWSA) iPad paper launched to much fanfare last year, is laying off 50 employees, or 29% of its staff. The Daily was recently estimated to be losing $30M/year, and there have long been signs that subscriptions aren't meeting expectations.
Comments (1)
  • Well; sold my NWSA, last week.
    Bought into Rupert's story on his company stock...
    Someone else can play this hand.
    31 Jul 2012, 06:01 PM Reply Like
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