The Daily loses $500,000 per week

Robert Andrews of

“In the quarter, we have lost about $10 million on The Daily,” News Corp (NSDQ: NWS) president Chase Carey told analysts on the group’s Q3 earnings call. A colleague also said The Daily has seen 800,000 downloads since launch.

I’m not the only one who has cancelled and/or removed the Daily from my iPad after the free trial ran out.