News Corp.'s new media co. to be named Fox Group

Published on NewsOK Modified: December 3, 2012 at 3:02 pm •  Published: December 3, 2012
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News Corp. had hoped The Daily would lure both paying subscribers and advertisers to a digital newspaper that included news, gossip and opinion. The publication's intended audience included people who don't read traditional newspapers or watch TV news while still consuming media through other means. But The Daily never caught on. It had just 100,000 subscribers as of July, when News Corp. said it was laying off about one-third of the publication's 170-person staff — a clear sign that the project wasn't going well.

When News Corp. launched The Daily in 2011, it said it spent about $30 million to start it up and estimated that operating costs would amount to about half a million dollars per week, or about $26 million a year.

Jesse Angelo, the editor-in-chief of The Daily and executive editor of the New York Post, will become publisher of the Post. Paul Carlucci, the newspaper's current publisher, will stay in his role as chairman and CEO of News America Marketing, an advertising and marketing business owned by News Corp., the company said. He's held the posts since 1997.

News Corp. said The Daily brand will "live on in other channels" while its technology and some staff will be folded into the New York Post.



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