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News Corp to cut 50 jobs at The Daily

Indiantelevision.com Team

(1 August 2012 7:29 pm)

MUMBAI: As it plans to split its media empire, News Corp has announced that it will cut 29 per cent of its staff at its online newspaper The Daily, which it had launched with much fanfare last year.

News Corp will eliminate 50 full-time staff members from The Daily in its bid to revamp the loss-making paper.

The company plans to shift The Daily's sports coverage to content partners like Fox Sports and eliminating the online publication's standalone opinion section besides including opinion pieces and editorials in the publication's news pages.

Editor-in-chief Jesse Angelo said: "Unfortunately, these changes have forced us to make difficult decisions and to say goodbye to some colleagues who have worked hard to make The Daily successful."

The Daily is believed to have 100,000 paying subscribers.