Daily tablet newspaper’s future in doubt after huge first-year losses
Bosses at Rupert Murdoch's embattled tablet-only newspaper, the Daily, have hit back at rumours of its demise, dismissing doom-laden reports as "misinformed" and "untrue".
Staff at the Daily were said to be fearful of the product's future after the loss-making venture was reportedly put "on watch" by parent company News Corporation.
Yet in an email to staff on Friday, editor-in-chief Jesse Angelo said they should "ignore" reports in the press.
News Corporation is said to be weighing the value of maintaining the app as it prepares to separate its publishing and film wings, and will assess whether to shut down the app later this year.
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