News Corp Kills iPad-Only Paper

Business Insider has the story:

The latest News Corp press release says that The Daily, its standalone daily iPad newspaper, will "cease standalone publication". The newspaper had a high profile launch in February 2011, but had apparently struggled to pay its way — recent reports suggested the losses were looking like $30 million a year, and rumors that Rupert Murdoch would kill the publication have been around since at least early summer.