Well, The Daily failed. It wasn’t all that fun while it lasted. And it didn’t last all that long. If everyone had known that it was going to cost $25 million a year to run, it probably would have been easy to predict its eventual failure. At a high level, the reality is simple: the economics didn’t come close to working.
But because the media industry loves nothing more than talking about the media industry, today we have dozens of stories with dozens of reasons for why The Daily failed. Blame News Corp. Blame Rupert Murdoch. Blame Apple. Blame Steve Jobs. Blame Eddy Cue. Blame the iPad. Blame the web. Blame native code. Blame Newsstand. Blame tablets.