News today reported a meeting of the group, said that the company for the launch of the iPad tablet computer electronic newspaper of the The Daily, in the amount of USD 10 million in the first quarter. This is slightly lower than Newsweek (Newsweek) of loss in the first quarter of 2010, the news weekly in November last year and review websites Daily Beast reached a merger agreement. The Daily also owned Newsweek does not have the one-time start-up costs.
The The Daily losses did not reach kangtai na Group (Conde Nast) for the launch of business magazine Portfolio and investment of us $ 100 million, launched less than 2 years after the Portfolio announced demise.
The The Daily has become an expensive test news group. News Corp had investments in digital area such as MySpace wasn’t easy.
News Corp said the application of The Daily downloads have already reached 800,000, but News Corp did not disclose the specific number of paying users.
Tags: daily, electronic, filing, first, million, quarter
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