The Daily and News Corp Announce Poor Numbers
It seems like The Daily from News Corp hasn’t really been much of a success so far. In the recent News Corp earnings call it was announced that The Daily lost around $10 million last quarter and had about 800,000 downloads since launch.
It is still very early days for the tablet market, I think it is going to be a really long time before this market matures and becomes viable for such a project.
The Daily results just seemed to add to the overall poor performance from News Corp which saw the group net income to be only $682 million.
