Apple exec Eddy Cue shares a laugh with News Corp. Chairman Rupert Murdoch at the debut of iPad-pub The Daily last year.
(Credit: Sarah Tew)
News Corp. has put The Daily, the iPad publication it introduced last year as "a digital savior" of newspapers, on probation, The New York Times reported today.
The news and entertainment giant is trying to decide if the publication, the company's first daily publication created specifically for the tablet, could turn around losses that were estimated at roughly $30 million a year, according to unnamed sources.
This comes weeks after News Corp. founder, chairman and CEO Rupert Murdoch confirmed that the media conglomerate would separate its publishing assets, including The Daily, from its fast-growing entertainment assets.
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