Is 18 months of ambitious deficit financing enough to determine it is no longer worth pursuing a particular online news gathering path? Some would say yes, and today, that is exactly what News Corp. has decided.

Peter Kafka of All Things Digital was first with the news. His report was soon followed by a message from editor-in-chief Jesse Angelo and a public press release:

- A total of 50 full-time employees, 29 percent of the full-time staff, will be released.

- The Sports and Opinion sections, which saw the lightest traffic, are being reorganized. Sports reporting will now be provided by content partners, like Fox Sports, while existing features like photo galleries and the ability to track favorite teams via a customizable sports page will remain. The Daily will no longer have a standalone Opinion section. Opinion pieces and editorials will appear in the news pages, clearly marked, from time to time as appropriate.

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