It's always sad when things don't work out the way they were planned. About two years ago, News Corp. launched one of the first iPad-only newspapers - The Daily. It was an ambitious project that, unfortunately, failed to attract enough audience. Because of that silly, little problem, The Daily will be discontinued on December 15.
Thankfully, some aspects of The Daily will remain within News Corp. and will be transferred to the (obviously much more profitable) New York Post. This includes unspecified "technology and other assets," as well as part of the staff. Here's the official statement by Rupert Murdoch saying 'bye-bye' to The Daily: