50 Layoffs and the Beginning of The End at The Daily

Hamilton Nolan · 07/31/12 03:10PM

The Daily, News Corp's big fancy well-funded "iPad newspaper" project, was never really a good idea from day one. A once-daily, hugely expensive, geographically nonspecific newspaper that is not available on the internet: just not a great business plan. Now, a year and a half after the launch, the reality appears to be crashing down.