The Daily loses $500,000 per week

Robert Andrews of paidContent.org

“In the quarter, we have lost about $10 million on The Daily,” News Corp (NSDQ: NWS) president Chase Carey told analysts on the group’s Q3 earnings call. A colleague also said The Daily has seen 800,000 downloads since launch.

I’m not the only one who has cancelled and/or removed the Daily from my iPad after the free trial ran out.

Matt

Matt is the cofounder and CTO of Sidestep – a company that lets you pre-order concert merch and skip the line. He's a serial entrepreneur who worked at Apple, Rockadoo and Cofactor software.

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