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The Daily is on Probation for Losing So Much Money

The Daily is in trouble. The New York Times reports that News Corp. is currently trying to figure out just what to do with the digital newspaper because it is losing way too much money. Sources also told the Times that other smaller ventures like The Daily are being watched/about to be given the old heave-ho.

It was only in January of last year that The Daily’s publisher, Greg Clayman, was telling everyone who would listen just how great the publication was doing. Things do change quickly, don’t they?

The Daily, introduced in early 2011, is estimated to lose about $30 million a year. That will probably make the decision a little easier.

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