Murdoch axes digital newspaper
Rupert Murdoch has called time on News Corporation's digital newspaper The Daily as he unveiled a revamped team at the top of the media giant's new publishing arm.
Mr Murdoch said the group "could not find a large enough audience quickly enough" for The Daily, which was launched in early 2011 exclusively on Apple's iPad.
The move came as the media tycoon unveiled former Times editor Robert Thomson as boss of News Corp's forthcoming newspaper division and BSkyB chief operating officer Mike Darcey as chief executive of The Sun owner News International (NI).
The announcement comes after it was announced current NI chief executive Tom Mockridge will step down at the end of the year.
News Corp said in July it would split into a publishing company, consisting of its newspaper businesses and book arm HarperCollins, and a media and entertainment company, consisting of its cable and television assets and filmed entertainment businesses.
Mr Murdoch claimed "new times demand new journalism" when The Daily was launched in the US in February last year. It was released in the UK in September last year. The app featured news articles, interactive graphics, HD videos and 360-degree photos designed to work with the iPad's touchscreen.
Jesse Angelo, founding editor-in-chief of The Daily, will assume the role of publisher of the New York Post with technology and other assets from The Daily, including some staff, folded into The Post.
Mr Murdoch said: "From its launch, The Daily was a bold experiment in digital publishing and an amazing vehicle for innovation.
"Unfortunately, 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.
"Therefore, we will take the very best of what we have learned at The Daily and apply it to all our properties."