An anonymous reader writes: In February 2011, Apple and News Corp. attempted to revolutionize the publishing industry with the release of The Daily, the world's first iPad-only newspaper. The goal of The Daily was to provide a modern spin on the news cycle by delivering world news draped in a multimedia experience. In other words, The Daily devoted a lot of resources towards adding photos, video, and touch controls to news stories that would otherwise be static. And priced at just $0.99 a week, or $39.99 for an annual subscription, the publication was hoping to attract users with a low price point and make up the difference in volume.
Or at least that was the plan.
It was announced today that The Daily will be closing up shop on December 15 after failing to rake in the dough.