After months of top secret development, Rupert Murdoch’s News Corp appears poised to take the wraps off a digital newspaper for the iPad called the Daily.
News Corp has been tight-lipped about the project, but the Australian-born media mogul acknowledged its existence for the first time in an interview last week with his Fox Business Network.
Asked what “exciting projects” his sprawling media and entertainment company was working on, the 79-year-old Murdoch cited the Daily, but offered no further information about the tabloid for Apple’s touchscreen tablet computer.
Details about the project have been dribbling out in the US media for weeks, however, and the New York Times, citing two employees who requested anonymity, said News Corp intends to launch the Daily before the end of the year.
The Times said Sasha Frere-Jones, music critic at The New Yorker magazine, would become its culture editor. Others reported to be involved include Jesse Angelo, executive editor of Murdoch’s New York Post, Richard Johnson, former editor of the Post’s gossip page, and Greg Clayman, the former head of Viacom’s digital division, who has been tapped to head business operations at the Daily.
Forbes magazine put the total staff on the project at around 150 and said News Corp has budgeted US$30 million for the first year of the launch.
The Daily brings together three of Murdoch’s passions — newspapers, the iPad and finding a way to charge readers for content online in an era of shrinking newspaper circulation and eroding print advertising revenue.
Murdoch began his career with a single newspaper in his native Australia and while he has expanded into TV, movies and book publishing, the News Corp chairman has always been clear that newspapers are his obsession.
At the same time, Murdoch has a serious crush on the iPad, calling it a “game-changer” and potential savior of the struggling newspaper industry.
In an interview in April with The Kalb Report, Murdoch called the iPad a “glimpse of the future.”
“There’s going to be tens of millions of these things sold all over the world,” he said. “It may be the saving of newspapers because you don’t have the costs of paper, ink, printing, trucks.
“I’m old, I like the tactile experience of the newspaper,” Murdoch admitted, but “if you have less newspapers and more of these, that’s OK.”
“It doesn’t destroy the traditional newspaper, it just comes in a different form,” he said.
Whether Murdoch plans to charge readers a subscription fee for the Daily is not yet known but the News Corp chief has made making consumers pay for news online his personal crusade.
The Wall Street Journal requires a subscription for full access to WSJ.com and Britain’s the Times and the Sunday Times, two other News Corp newspapers, recently erected pay walls around their Web sites.
Murdoch has vowed to begin charging for online access to all of his titles and said in August that he believed most US newspapers would eventually end up doing the same.
“You’ll find, I think, most newspapers in this country are going to be putting up a pay wall,” he said, dismissing arguments that readers used to getting news on the Internet for free would be reluctant to pay.
Three experts in the high technology industry have said that US President Donald Trump’s pledge to impose higher tariffs on Taiwanese semiconductors is part of an effort to force Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to the negotiating table. In a speech to Republicans on Jan. 27, Trump said he intends to impose tariffs on Taiwan to bring chip production to the US. “The incentive is going to be they’re not going to want to pay a 25, 50 or even a 100 percent tax,” he said. Darson Chiu (邱達生), an economics professor at Taichung-based Tunghai University and director-general of
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes do not work. Approaching a red light, her father swerved around two cars before plowing into a sport utility vehicle and a sedan, and crashing into a large concrete barrier. Stunned, Zhang gazed at the deflating airbag in front of her. She could never have imagined what was to come: Tesla Inc sued her for defamation for complaining publicly about the vehicles brakes — and won. A Chinese court ordered Zhang to pay more than US$23,000 in
‘LEGACY CHIPS’: Chinese companies have dramatically increased mature chip production capacity, but the West’s drive for secure supply chains offers a lifeline for Taiwan When Powerchip Technology Corp (力晶科技) entered a deal with the eastern Chinese city of Hefei in 2015 to set up a new chip foundry, it hoped the move would help provide better access to the promising Chinese market. However, nine years later, that Chinese foundry, Nexchip Semiconductor Corp (合晶集成), has become one of its biggest rivals in the legacy chip space, leveraging steep discounts after Beijing’s localization call forced Powerchip to give up the once-lucrative business making integrated circuits for Chinese flat panels. Nexchip is among Chinese foundries quickly winning market share in the crucial US$56.3 billion industry of so-called legacy
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday held its first board of directors meeting in the US, at which it did not unveil any new US investments despite mounting tariff threats from US President Donald Trump. Trump has threatened to impose 100 percent tariffs on Taiwan-made chips, prompting market speculation that TSMC might consider boosting its chip capacity in the US or ramping up production of advanced chips such as those using a 2-nanometer technology process at its Arizona fabs ahead of schedule. Speculation also swirled that the chipmaker might consider building its own advanced packaging capacity in the US as part