Tuesday, May 26, 2015Tuesday, May 26, 2015

Murdoch digital paper The Daily slashes staff

Published on Aug 1, 2012 6:15 AM

NEW YORK (AFP) - News Corp's digital newspaper The Daily, Rupert Murdoch's attempt to reinvent daily news for the tablet age, will sack 29 per cent of its staff and overhaul its format, the firm said on Tuesday.

In all, 50 employees will leave the paper, which was launched 18 months ago. The paper was initially designed to work on Apple's iPad tablet but now also appears on rival devices using the Android operating system.

It reportedly has around 100,000 paying subscribers, but the firm keeps the exact number close to its chest. Launching the paper, Mr Murdoch said it would need to recruit around 500,000 readers a week to break even.

The revamp, including changes to the online paper's sports and opinion sections, comes at a time when the daily news business in general and News Corps' international stable of newspapers in particular have been in turmoil.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!