News Corp's The Daily Is Doomed 246
rsmiller510 writes "After all of the hype, it was surprising how much The Daily, the new News Corp. iPad daily newspaper, looks like a conventional news magazine. Ultimately, though, it's an old model in a new package and as such will fail."
Re:Drop in the Bucket to Be Shoved Down Our Gullet (Score:4, Informative)
News Corp has a quarterly revenue of around 8 billion dollars [google.com] but their net income has been steadily declining (duh).
Has it?
From the article titled "News Corp profit doubles despite MySpace charge" [ft.com]
The charge on News Corp’s digital media group came after MySpace cut half its staff and marred otherwise strong results in which rising cable and broadcast television profits more than offset declines in film and digital media.
Net income for the fiscal second quarter more than doubled to $642m, or 24 cents per share, from $254m, or 10 cents, a year earlier, when results included a $500m litigation settlement. Excluding one-offs, adjusted earnings per share rose 16 per cent from 25 cents to 29 cents.
Although I think the rest of your comment is spot on.
Re:Drop in the Bucket to Be Shoved Down Our Gullet (Score:5, Informative)
It's funny you should make that assertion! Too bad it's completely baseless. [gigaom.com]
From the link I just provided: "77.6 percent of the users found their iPad usage went up after their initial “honeymoon” period."
That doesn't mean *this app* will be successful, but it certainly won't fail for the reason you suggest.