News Corp., parent company of The Daily, could very well discontinue the iPad-only newspaper in coming months. According to The New York Observer, The Daily has been losing News Corp. $30 million a year, and the tabloid has been placed “on watch.” News Corp. will supposedly “reassess” The Daily after the presidential election this November.
The Daily was the first mainstream paper to be delivered exclusively on the iPad. Since The Daily was introduced onstage with Apple’s Eddy Cue in 2011, the publication has expanded to the iPhone and Android devices.