"The Daily" Closes Down

TPM LiveWire:

The Daily’s editor in chief Jesse Angelo and publisher Greg Clayman will meet with staff today at 11 a.m. and 6 p.m. to discuss details of the iPad-only newspaper’s closure later this month.

Some have expressed the view that there were too many staff to make it a viable business. Personally, I think it is too easy to blame it on flawed business models and forget the fact that the app was terrible.