AppleInsider writes that according to internal rumours, as reported on by the New York Observer, News Corporation has put its flagship table publication, The Daily â€œon watchâ€ as a result of the companyâ€™s cost-cutting measures. AppleInsider reports that this probationary period will last until after the US elections on November 6, when News Corp will reassess The Dailyâ€™ status. AppleInsider writes that The Daily has been reported as losing $30 billion per year. Overall, this wouldnâ€™t be much of a surprise, as The Daily hasnâ€™t really lived up to projections, certainly sales-wise, at least. However, should The Daily close, it will be a disappointing end to News Corpâ€™s first venture into iPad publishing (the app was originally launched for iPad only), especially with Appleâ€™s senior vice president of Internet Software and Services, Eddy Cue, launching the app with much fanfare alongside News Corp CEO Rupert Murdoch at the beginning of 2011.
Source: News Corp's money losing 'The Daily' put 'on watch' - report