News Corp. has said it is finally shutting down The Daily, the iPad-only newspaper it launched in 2011. Although the media giant should be given some credit for experimenting with a new medium, there were obvious signs that The Daily was doomed from the start.
Lord Justice Leveson’s high-profile inquiry into phone hacking and unethical behavior by the British press never really tackled the big problems at the heart of the news industry. And what’s worse is that this huge error wasn’t a mistake — but the result of willful ignorance.
News Corp, which owns book publisher HarperCollins, is reportedly in “preliminary” talks to buy CBS’s Simon & Schuster, according to a report in the News Corp-owned Wall Street Journal.
There are fresh rumors that Rupert Murdoch wants to buy the flagship newspapers of America’s second and third biggest cities. This would give him a giant footprint in the country’s three biggest markets — but it still doesn’t make business sense.
With growing investment in health care, the question remains: where are entrepreneurs focusing their efforts, and are they making a difference in the right spaces?
Jon Miller, the well-respected chief digital officer of News Corp, is on the way out after presiding over the company’s sprawling digital properties. The move comes at a time that News Corp is splitting into distinct entertainment and publishing companies.
Rupert Murdoch’s struggling iPad newspaper The Daily is laying off 50 of 170 employees and also implementing other cost-saving measures, including decreasing opinion and sports coverage. The changes will help the publication “be more nimble editorially,” editor-in-chief Jesse Angelo said.
Remember when Friendster was the hot social network, publishers doubted that ebooks would ever sell, and Netflix (s NFLX) thought DVDs in red envelopes was the future? We do — that was that state of digital media when paidContent launched in 2002.
Rupert Murdoch’s resignation from News Corp’s UK publishing boards – part of the company’s separation in to two companies – suggests dreams of a converged, multimedia power player may never come to pass.
News Corp.’s digital tabloid The Daily has been on borrowed time since it was an idea, given enough resources by Rupert Murdoch to launch but no guarantee of longevity. But Editor-in-Chief Jesse Angelo says reports that time may be running out are wrong.