It says that “technology and other assets from The Daily, including some staff, will be folded into” News Corp.’s New York Post tabloid.
The app/newspaper has approximately 120 employees.News Corp. made the announcement in the midst of other organizational changes in advance of the company’s upcoming breakup, which will spin off the company’s publishing assets into a new, separately traded company. Here’s Murdoch’s take on The Daily, via a press release:
From its launch, The Daily was a bold experiment in digital publishing and an amazing vehicle for innovation. Unfortunately, our experience was that we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term. Therefore we will take the very best of what we have learned at The Daily and apply it to all our properties. Under the editorial leadership of Editor-in-Chief Col Allan and the business and digital leadership of Jesse, I know The New York Post will continue to grow and become stronger on the web, on mobile, and not least, the paper itself. I want to thank all of the journalists, digital and business professionals for the hard work they put into The Daily.Jesse Angelo, The Daily’s editor-in-chief, will become publisher of the Post; Daily publisher Greg Clayman will get a job heading up digital at the new publishing company. Earlier this year, The Daily cut a third of its staff.
Some of News Corp.’s other key moves in the split have already been reported: Robert Thomson, for instance, the Wall Street Journal’s current managing editor, will run the new company, and Thomson’s deputy Gerard Baker will get Thomson’s old job.
The “new” publishing company, which includes Dow Jones, News Corp.’s other newspaper assets and HarperCollins publishing, will be named “News Corp.” The remaining part of the “old” News Corp. — primarily, its TV and film assets — will be renamed “Fox Group.”
Current New York Post publisher Paul Carlucci, who is also chairman of News America Marketing, will now “focus exclusively” on that job.