The media mogul Rupert Murdoch launched a new Internet newspaper which could well mean the end of traditional paper journals!
THE DAILY is accessible only on iPad but the structure of the newspaper could become the universal model for all news media on the Internet. In total, the invoice launch reached a total of $ 30 million which is very low for such a new medium and it will cost approximately $ 500,000 per week to operate the business. The subscription costs $ 40 per year.
Importantly to note, a social media like MySpace had cost $ 580 million in 2005 to Murdoch and the site has accumulated since losses of $ 156 million. MySpace is now for sale...
The success of The Daily is not acquired but the dice are well thrown!
The only real obstacles that are before Murdoch is the time as he will celebrate his 80th birthday next March 11.
To be continued ...
Photo 1: The Daily on iPad;
Photo 2,3: Rupert Murdoch at the launch of THE DAILY;
See story The Wall Street Journal ;
See story The New York Times ;
See story Courrier International ;
See site THE DAILY ;
See MySpace for sale - The Wall Street Journal ;