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News Corp. shutters The Daily, its experiment in iPad-only news

News Corp. just announced that The Daily, its iPad-only news app that launched last year, will cease publication on Dec. 15. “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,” CEO Rupert Murdoch said in a press release.

The announcement comes amid a slew of other changes at News Corp. We’ll keep updating this post with the latest.