It’s still too early to pass judgment on News Corp’s daring venture into tablet-only newspapers, The Daily , but at the very least now we have a concept of the way much it costs to get a project like this off the bottom. Having spent $30 million developing the concept that before launch, the company’s latest quarterly reports indicate another $10 million loss was incurred at the early operations of The Daily. That’s led to 800,000 total downloads of the iPad-only app, though a breakdown of the way lots of those were just checking out the free trial and the way many have stuck around for the paid version hasn’t been forthcoming. News Corp stresses that The Daily continues to be a piece in progress, one which we’ve heard can also be making its way onto Android tablets , and appears a great deal committed to seeing its plan through to the tip. So if this digital-only, subscription-paid news idea fails, it won’t be for loss of trying.
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