News Corp. COO Gets Agitated Defending The Daily
Company has spent $10 million on tablet publication
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Rupert Murdoch’s The Daily—the first experiment in a national daily news publication created exclusively for iPad—has, so far, been hemorrhaging money. Chase Carey, chief operating officer of News Corp., told listeners on the company’s earnings call on Wednesday that the company has already spent $10 million on The Daily.
Carey referred to The Daily as a “work in progress” and reminded participants that the tablet publication is still in its "early days." (It launched Feb. 2.)
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