This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

News Corp., After Failing With The Daily, Gives E-Newspapers Another Try

NEW YORK ( TheStreet) -- Rupert Murdoch and his News Corp. (NWS - Get Report) empire aren't quite finished trying to distribute electronic versions of the company's newspapers on tablet computers.

Despite yesterday's announcement of the Dec. 15 closure of The Daily, News Corp.'s 10-month-old Apple (AAPL - Get Report) iPad-only newspaper experiment, The Times of London says the media baron is now offering deals combining the electronic version of that daily paper along with Google (GOOG) Nexus 7 Android tablets.

Readers who agree to an 18-month electronic subscription of the The Times of London can buy a 32-gigabyte Nexus 7 tablet for 50 pounds ($81), a quarter of the retail price.

As for the software, News Corp. is selling e-subscriptions (called a Digital Pack) for 4 pounds a week. Over a 78-week period, that comes to 312 pounds just for the e-newspaper. Add 50 pounds for the tablet and the total rises to 362 pounds.

A Digital Pack subscription allows customers to read the digital version of The Times on any computer, tablet or smartphone.

Unlike The Daily, where Apple served as the newspaper's sole distribution arm, The Times of London/Nexus 7 deal enables News Corp. to distribute and profit from the sale of both the digital software (the news) and the hardware (the tablet) to read it on.

It's estimated that News Corp. spent at least $80 million on The Daily. Despite some compelling graphics and 360-degree photos, it never really caught on. Maybe that's because News Corp. limited readership to iPad owners.

Offering the e-newspaper in other formats -- to news-hungry readers on all personal computers, tablets and smartphones -- might have kept the publication alive.

-- Written by Gary Krakow in New York.

>To submit a news tip, send an email to:

Gary Krakow is TheStreet's senior technology correspondent.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $130.28 0.00%
GOOG $565.06 0.00%
NWS $15.43 0.00%
FB $81.53 0.00%
TSLA $218.42 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs