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iPad Magazine by News Corp Shutting Down

The latest News Corp press release says that the Daily, its standalone daily iPad newspaper, will "cease standalone publication".

The newspaper had a high profile launch in February 2011, but had apparently struggled to pay its way — recent reports suggested the losses were looking like $30 million a year, and rumors that Rupert Murdoch would kill the publication have been around since at least early summer.

Source: Business Insider. Read full article. (link)

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