We've known for a while now that News Corp.'s made-for-iPad newspaper The Daily was in trouble. Last fall, the paper's audience was estimated to be somewhere in the area of just 100,000 active readers — well short of the 500,000 it needs to break even. Then back in May of this year, word got out that the Daily had been put "on watch" for its poor performance.
Well there must have been some truth to the chatter, as a new report is out today claiming that The Daily just laid off a third of its staff...