High-Level Changes at News Corp.
Execs shuffled; folds The Daily, its costly iPad experiment, after a year
Huge changes are afoot at News Corp. today as the scandal-wracked company prepares to split into two publicly traded parts. The media juggernaut announced that Robert Thomson, a long-serving lieutenant of Rupert Murdoch, would be named CEO of its soon-to-be-separated publishing arm, and that it would pull the plug on The Daily, its costly and much-ballyhooed tablet-only experiment.
The demise of The Daily (which should come as no surprise, given it’s fallen far short of its goal of 500,000 subscribers, leading to substantial
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