'The daily' is shutting down

The first iPad only newspaper is shutting down on the 15th of December. The shutdown doesn't come with much of a surprise because last year the news paper was put 'on watch' ad an option to help News Corp. As part of a major restructuring initiative some of The Daily's staff have moved over to the New York Post, but it is not clear on how many staff will be taking the transition. In a statement The Daily's creator and News Corp. founder Rupert Murdoch said that "our experience was that we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term."

There's no word yet on whether annual subscribers will receive any partial refunds for their $39.99 annual subscriptions, but the app is still available for purchase in the iTunes Store.