News Corp.’s ‘The Daily’ for iPad Close to 1 Million Downloads

‘The Daily’, the first iPad-only newspaper ever published by a major news outlet, is about to hit the 1 million downloads milestone, according to TechCrunch. The digital-only daily newspaper was free for the first month, to let potential subscribers try it out, and eventually evolved to a subscription-based app, priced at 99 cents per week, or $40 per year. While the milestone reached by The Daily is impressive, 1 million downloads is still not enough to cover the expenses incurred by the magazine, which cost so far well over $10 million to its owner, News Corp. The publication’s early history proved to be quite rocky, as it was delayed countless times, before being released earlier this year – News Corp. was actually eager to release the app back in November 2010. The Daily‚Äôs subscription model is expected to be a major game-changer for the struggling newspaper industry.