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Murdoch digital daily shuts after two years

RUPERT Murdoch's News Corp said yesterday that The Daily would publish its final issue on December 15, less than two years after its January 2011 launch. The app has already been removed from Apple's iTunes.

The Daily had about 100,000 subscribers who paid $40 (¤30) a year for its download of journalism tailored for touchscreens.

But that was not enough to sustain some 100 employees and millions in losses since its launch. At the time of its debut, News Corp said The Daily's operating costs would amount to about $26m (€20m) a year.

The company hired top-name journalists and poured $30m (€23m) into the newspaper's launch.