iPad Magazine by News Corp Shutting Down

Media still struggling to figure out how to make money off mobile, Internet technology

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.