TheDaily.com: How to Lose $10 Million on a Startup Web Site in Three Months

Step One: Get $10 Million. After that, the rest is easy:

Asked to comment on The Daily’s performance, [NewsCorp chief operating officer Chase] Carey says it’s a work in progress, which lost $10 million last quarter. Then, in the background, someone — most likely [chief financial officer] Dave DeVoe — mentions “800,000 downloads.”

So: 800,000 people have downloaded the iPad software needed to read NewsCorp’s online newspaper. And at the current burn rate, they’ll chew through $40 million in their first year of operation. When the site launched in February, there was a lot of world-historical blather:

“News Corp. is redefining the news experience with The Daily,” says Steve Jobs, Apple’s CEO. “We think it is terrific and iPad users are really going to embrace it.” . . .
The Daily is the first application made available on the App Store as a subscription — which will be billed directly to an iTunes account. And because this paperless paper requires no multi-million dollar presses or delivery trucks, it will be priced at just 99 cents a week (or $39.99 for an annual subscription).
“The Daily launches at a moment when advances in technology are changing the job of the modern editor,” says Mr. Angelo. “These advances are giving us new ways to tell stories. We intend to take advantage of all of them, and make The Daily the new voice for a new era.”

From their “about” page:

The Daily launched on February 2, 2011 with the mission to provide the best news experience by combining world-class storytelling with the unique interactive capabilities of the iPad.
Led by Editor-in-Chief Jesse Angelo and Publisher Greg Clayman, The Daily is a category first: a tablet-native national news brand built from the ground up to publish original content exclusively for the iPad.
The Daily is incisive, optimistic, and independent. It’s not just an app — it’s a new voice.

How many people have paid for TheDaily.com subscriptions? We don’t know. But however many it is, it’s not enough to keep them from losing $10 million in the first three months of the year.

You should hit my tip jar for $10.

Because this blog is at least 1/1,000,000th as good as those guys. And you don’t need an iPad to read it.

UPDATE: More background from TheDaily.com’s launch:

Murdoch says the company spent $30 million to develop it, and operational costs will run around $500,000 a week . . .

Good Lord. Half a million bucks a week? For a Web operation?

UPDATE II: TheDaily.com has been bleeding staff — three of their four hires on the culture beat left within two months. Maybe it has something to do with getting crazed memos like this from the editor-in-chief:

Folks, Egypt is over — time for us to get focused on covering America.  We need to get out there and start finding more compelling stories from around the country — not just scraping the web and the wires, but getting out on the ground and reporting. Find me an amazing human story at a trial the rest of the media is missing. Find me a school district where the battle over reform is being fought and tell the human tales. Find a town that is going to be unincorporated because it’s broke. Find me a story of corruption and malfeasance in a state capitol that no one has found. Find me something new, different, exclusive and awesome. Find me the oldest dog in America, or the richest man in South Dakota. Force the new White House press secretary to download The Daily for the first time because everyone at the gaggle is asking about a story we broke. Get in front of a story and make it ours — force the rest of the media to follow us. It’s good stories that will keep people coming back to The Daily — we’ve assembled a crack news team, so let’s show the world what we can do.

Yeah. good luck with that. Here’s a profile of the editor:

Angelo has already spent most of his life in the Murdoch orbit. He’s known Murdoch’s son James since they were in kindergarten. They went to Harvard together . . .
Angelo was born in 1973 and grew up on Central Park West. His father, John Angelo, founded the firm Angelo, Gordon & Co., which today manages about $23 billion in assets.

Joshua Benton analyzed social-media activity generated by TheDaily.com and suggested the site faces “a tough road ahead.” A similar estimate by Jeff Bercovici of Forbes:

Jeff Jarvis did a back-of-the-envelope calculation and estimated The Daily will need 750,000 subscribers at its current price of 99 cents a week or $40 a year before it starts breaking even.  It’s fair to say they have a ways to go.

Indeed.

UPDATE II: Welcome, Instapundit readers!

UPDATE III: Mary Rose Maguire: “Why Newspapers Online Are Still Failing.”


Feminism: Synonym for Insanity?

During his Sunday announcement that U.S. special operations forces had killed terrorist mastermind Osama bin Laden, President Obama said, “Justice has been done.”

Not even the president’s harshest Republican critics would argue with that. But you know who could argue? Jos Truitt at Feministing:

That’s not what I call justice. I don’t see justice in violence responding to violence. I see vengeance. I don’t see justice in one killing in the midst of many. Where’s the justice in 10 years of war, in Afghanistan, Pakistan, Iraq, now Libya? In the killing of uncounted, unacknowledged civilians, including when bin Laden was killed? In sending young Americans, my friends, overseas to kill and be killed? In endless war?
Where’s the justice in pumping money into war overseas while there’s continued state violence against people on American soil? Against American Indians robbed of resources and exposed to sexual violence? Where’s the justice in our “criminal justice” system? A system that locks up far too many people, far too many young people of color including invisibilized queer and trans youth, for non-violent reasons in prisons that produce increased violence within their walls, that condition people to this state of violence and then send them to do violence outside?
Where’s the justice in funding wars while Americans experience the more subtle violence of lack of access to health care, including reproductive health care? When the US deports huge numbers of immigrants? When the divide between rich and poor in this country is getting bigger every day, the poor group growing and the rich group shrinking?

How far gone into moral blindness can you be, to view the unspeakable acts of Osama bin Laden as equivalent to, e.g., the deportation of illegal aliens?

Herman Cain Set to Win S.C. Debate

Herman Cain appeared on the Neal Cavuto show Wednesday afternoon to talk about Thursday’s debate in Greenville, South Carolina. Asked about the presumed GOP 2012 candidates who are skipping the debate, Cain said: “I think they’re making a mistake by not being here.”

Indeed, the state’s new Republican governor says the same thing:

With the first 2012 GOP presidential debate Thursday in South Carolina, top Republicans in the Palmetto State are warning several hopefuls who have chosen to skip the event that it will hurt them.
“Anyone that discounts South Carolina is making a huge mistake,” said South Carolina Governor Nikki Haley.
South Carolina traditionally holds the first primary in the south. Since it began in 1980, no Republican has won the GOP presidential nomination without first winning the state. . . .
Gov. Haley believes skipping Thursday’s debate will put some of the candidates at odds with demanding Palmetto State voters eager to begin reviewing the candidates and their character.
“They’re gonna have to work twice as hard to prove that they’re in the game and while it is early, to show that you’re strong early makes an important difference in South Carolina,” Haley said. “So I would advise all of them get here, get here fast and make sure every part of the state notices you.”

Cain will be joined by Rep. Ron Paul, former Minnesota Gov. Tim Pawlenty, former Pennsylvania Sen. Rick Santorum and former New Mexico Gov. Gary Johnson in Thursday’s debate (9 p.m. ET). Dave Weigel runs down the lineup, and explains why the no-shows are no-shows. The latest news from the Mitt Romney campaign is intriguing; one of his top New Hampshire supporters has quit:

Romney’s wishy-washy political identity and inability to stake out firm, consistent positions as a candidate were the reasons for his decision to cut ties with Romney. “He struggled with that in the last campaign,” [Bruce] Keough explains, “and to some extent I think he’s still struggling with it.”

Jazz Shaw at Hot Air: “For Keough to not only decline Romney’s invitation to the 2012 dance, but immediately take to the pages of Mother Jones to trash his former boss’s bona fides is fairly remarkable.” Also fairly remarkable: The Quinnipiac Poll ignores Herman Cain.

Meanwhile, back to Thursday’s debate, Carl Cameron of Fox News observes: “Retail politics is key in South Carolina. The voters here insist on meeting the candidates and kicking the tire and figuring out what the candidates are all about.” Retail politics is where Cain says he’s strongest in early primary states. As he told Cavuto in Wednesday’s interview: “Start looking at some of the results we’re getting on the ground in Iowa and New Hampshire.”

Cain mentioned his straw-poll win after Friday’s debate in Manchester, N.H., sponsored by Americans for Prosperity. Also, a poll of Hot Air readers showed Cain in a virtual tie for second place with Mitt Romney, behind front-runner Sarah Palin. Here is a video profile of Herman Cain by Brett Baier of Fox News:

Isn’t it time you joined the online grassroots army at Citizens for Cain?

Obama Administration Won’t Release Photos of Osama Bin Laden Dead UPDATE: Sarah Palin Urges Release of Photos ‘As a Warning to Others’

CBS News reports:

In an interview with Steve Kroft for this Sunday’s 60 Minutes, President Obama says he won’t release post-mortem images of Osama bin Laden taken to prove his death. . . .
Republican House Intelligence Committee Chairman Mike Rogers said Wednesday that the Obama administration should not release the gruesome post-mortem images, saying it could complicate the job for American troops overseas. Rogers told CBS News he has seen a post-mortem photo.
“The risks of release outweigh the benefits,” he said. “Conspiracy theorists around the world will just claim the photos are doctored anyway, and there is a real risk that releasing the photos will only serve to inflame public opinion in the Middle East.”

UPDATE: ABC has more from Mike Rogers:

“If you’re a sergeant in a town in Ghazni, Afghanistan and you’re trying to get some local elder to cooperate about what’s happening in your village, are you going to do it if this inflames into some kind of trophy — we have a trophy of Osama bin Laden? I worry about that,” Rogers told [George Stephanopoulos]. “And if we can’t answer for sure and for certain this doesn’t make the job of that soldier easier, if it makes it harder, I say it’s not worth it.”

Just saw Fox News interview John McCain, who said: “My initial opinion is that it’s not necessary to [release the photos].”

UPDATE II: Massachusetts Sen. Scott Brown:

Sen. Scott Brown on Osama bin Laden; attack ad: MyFoxBOSTON.com

“If it’s just trying to sell newspapers, then I don’t think it’s appropriate,” says Brown, who is preparing to deploy to Afghanistan.

UPDATE III: Bryan Preston at Pajamas Media:

If he sticks to this, it’s a bad move in my opinion. If the photo is being withheld out of sensitivity to Muslims, we are once again baptizing Osama bin Laden into mainstream Islam, after years of telling the world that OBL wasn’t a good Muslim. Stupid. Obama has just created his own pet version of the Warren Commission Report. If Obama sticks to this decision, we’ll get a lifetime of bad Photoshops and conspiracy theories out of it. And the radicals who want to kill us will still want to kill us.

Now the top thread at Memeorandum.

UPDATE IV: In a White House briefing just now, spokesman Jay Carney said, “It’s not in our national security interests” to release the photos.

Right: But one way or another, the photos will be public within weeks — perhaps within days. The National Enquirer will pay somebody $50,000, the photos will be leaked, and then the White House will engage in public hand-wringing about how “irresponsible” it is for the Enquirer to publish the photos.

Does the phrase “plausible deniability” ring a bell?

UPDATE V: Drew M. at AOSHQ:

As for our betters who say don’t release the photos because it might inflame the Religion of Peace into a murderous rage (a state also known as “everyday”) …everyone of you bastards better be on record either urging the withholding of or condemning the release of photos from Abu Ghraib.

UPDATE VI: Michelle Malkin sees the decision as evidence of gutless “dhimmitude.”

UPDATE VII: Sarah Palin is not afraid to disagree with Obama:

What percentage of Iowa GOP caucusgoers would agree with Palin? A lot of them, I bet.

UPDATE VIII: Here’s how the story was reported on MSNBC:

(Via Mediaite.)

UPDATE IX: Linked by Josh Painter at Texas for Palin — thanks!

UPDATE X: Linked at Confessions of a Constitutional Crusader — thanks!

UPDATE XI: Professor Glenn Reynolds: “This seems like a mistake to me, and the double-shuffle of contradictory messages that has led up to this decision hasn’t looked ready for prime time.”

UPDATE XII: Jeff Goldstein at Protein Wisdom recaps the arguments justifying all this:

Rather than bomb the compound, Obama (after 16 hours of deliberation and a half-round of golf) made the “gutsy” call to send SEAL troops into harm’s way so that he could make sure the US had proof of death. This was a “Kill Only” mission, we’re told — and the SEAL “assaulters” dutifully shot the unarmed bin Laden and his young bride. Obama then ordered a 45-minute burial ceremony, performed Arabic, in which bin Laden’s “Kill Only” corpse was cleaned and dressed and placed in a burial shroud. Then dumped into the sea.
And now Obama is saying he won’t release the proof of death he claimed was so vital — and Andrea Mitchell, among others, is satisfied with this: the government has all the proof it needs, so why show anyone else? Per Mitchell, we’re inherently to trust the government. Because it isn’t a Republican in the White House. So it must be good and righteous.
And besides, we don’t want to offend Muslim sensibilities. After all, there’s no telling how these inherently peaceful people might react to photos of a dead bin Laden, who doesn’t represent Islam in any way.

Like I said: “Plausible deniability.” The photo will leak, and the official reaction from the White House will be to denounce the leak. But this is just about maintaining appearances.

UPDATE XIII: Dan Collins at Piece of Work in Progress:

Sadly, I suspect the possibility of permanently elevating ObL to a near mythical stature was disregaded in favor of a more self-serving domestic political calculus.

Read the whole thing.

UPDATE XIV: Linked by The Rhetorican — thanks — and notice this Obama quote from the CBS interview: “We don’t need to spike the football.” Which is to say, it’s all about perception.

What’s the over/under on how long before the photos are leaked? I’m betting 72 hours.

UPDATE XV: Linked by The Lonely Conservative — thanks!

UPDATE XVI: Jimmie Bise Jr. has strong words for Mike Rogers. And not in a good way.

Really: Why is it that jihadis post online videos of the executions of innocent Americans (e.g., Daniel Pearl) and yet, when we finally get the world’s most bloodthirsty terrorist, we can’t publish the photo because we’re afraid of inflaming “the Arab street”? I don’t give a damn one way or another whether they publish the photos, but I very much give a damn about U.S. officials kowtowing to the sensitivities of such savages: “Oh, we don’t want to offend them.”

They need to be offended, and often, and by someone who knows how.

UPDATE XVII: Linked by Chris Wysocki — thanks!


It’s Kinda Hard to ‘Work the Refs’ When the Refs Are Playing for the Other Team

One of my habits is re-reading good books. Any book worth reading is worth re-reading, and there are some books that I have read multiple times, including William Shirer’s Rise and Fall of the Third Reich, Edmund Burke’s Reflections on the Revolution in France, and P.J. O’Rourke’s Parliament of Whores.

Another habit, picked up during my college days: I always prefer to read while lying down. When I was in college, I’d take my textbooks to bed with me, fall asleep reading them, wake up and read some more until I fell asleep again. I’d sometimes spend most of the weekend like that, reading and napping all day, only leaving my dorm room to go eat lunch, until it was time to go out and party at night.

All of which is preamble to saying that I was re-reading Ann Coulter’s Slander last night when I went to bed. It had been a while since I first read it — it was published in 2002 — and I had almost forgotten how good it is. People who only know Coulter as a TV personality, trading snark with Hannity and O’Reilly on Fox News, ought to take time to read some of her books. She is a much better writer than most of her critics give her credit for, and probably even better than most of her fans realize.

Coulter’s writing is often aphoristic: She writes brilliant little sentences that hit the nail square on the head. At her best, she strikes those hammer blows in succession — bam! bam! bam! — and keeps it up for page after page. Such is the case with the seventh chapter of Slander, “The Joy of Arguing With Liberals: You’re Stupid!” Continue reading It’s Kinda Hard to ‘Work the Refs’ When the Refs Are Playing for the Other Team →

Youthful Ignorance

Megan McArdle observes an important phenomenon:

A significant number of teens didn’t know who Osama Bin Laden was until we killed him. I can’t believe it — and yet I do believe it. I didn’t know what Iran Contra was when I was in high school, and I was a sophomore when it happened. Teenagers live in their own little world, only tangentially connected to the one the rest of us occupy. Today’s high-school freshmen weren’t even in Kindergarten when 9/11 happened. Why would they remember?
I think it’s just as significant in a way that so many of the people celebrating at Ground Zero and the White House seemed to be college kids. These were people who were nine or ten when the towers came down. I wonder if for them, hearing that Bin Laden had been killed wasn’t a bit like hearing that we mowed down Satan, or the Grinch — not the death of a specific person, but striking down the personification of evil in the world.

One of the most pernicious ideas of recent decades — originating in the 1960s “Generation Gap,” but getting worse all the time — is the belief that youth per se has some distinct political value, a belief which in turn involves a willingness to accept pop-culture hipness as actual knowledge.

You saw this attitude displayed, for example, in the mainstream media’s attempt to elevate Meghan McCain as a Republican spokesperson, the apparent thought being: “She is young and is therefore presumably tuned into future trends.” A similar attitude explains the Tiger-Beat-meets-the-Jonas-Brothers enthusiasm for the “Juicebox Mafia.”

What accounts for this attitude? I would argue that it is actually rooted in Baby Boom nostalgia. Continue reading Youthful Ignorance →

Moving On Up: Herman Cain Places Third in Patrick Ishmael’s ‘Hot Air Primary’

Sarah Palin was the runaway winner with 27%, while Mitt Romney (11.6%) edged out Herman Cain (11.3%) for second. It’s also interesting to see that all the hype for Tim Pawlenty couldn’t boost the former Minnesota governor past 6%, while Newt Gingrich didn’t crack 2%.

Of course, this isn’t a random-sample scientific poll, but it does indicate how competitive Cain is among conservative activists online.

Isn’t it time you joined the online grassroots army at Citizens for Cain?