'The Daily shutting down'

Marco Arment:

"The Magazine costs less than The Daily and has far fewer subscribers (so far), but that’s fine: I can’t even imagine how I’d spend $3 million per year on it. But I’m also not trying to make an all-purpose news and editorial publication for everyone, every day."

I never read The Daily, but with Rupert Murdoch behind the curtain and that much money being thrown at it, I guess I'm not surprised that it went under so quickly.

Still, you have to admit it was a ballsy idea when it started. I think they should be commended for their effort and for attempting to venture into a new frontier, not kicked while they're down the way a lot of people have been doing today.

The power of hindsight is a crazy thing.