News Corp. To Shut Down The Daily On Dec. 15

News Corporation announced on Monday that it will shutter its iPad-only newspaper, The Daily, on Dec. 15. The Daily’s editor in chief, Jesse Angelo, will become publisher of the New York Post. Some staffers will also join the Post. News Corporation chief Rupert Murdoch said in the company’s release:

“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. Under the editorial leadership of Editor-in-Chief Col Allan and the business and digital leadership of Jesse, I know The New York Post will continue to grow and become stronger on the web, on mobile, and not least, the paper itself. I want to thank all of the journalists, digital and business professionals for the hard work they put into The Daily.”