“As News Corp. shores up its print and television properties leading up to the company’s highly publicized split, its scrappy and beloved internal newswire Newscore has quietly gone dark, with at least 20 positions eliminated—and possibly more than twice that if cuts hit bureaus in London and Sydney,” Kat Stoeffel reports for The New York Observer.

“Launched in 2009, Newscore collected and redistributed the news stories from News Corp.’s reporters in the U.S., U.K. and Australia, while racing rivals AP and Reuters on breaking news,” Stoeffel reports. “For News Corp. employees, Newscore was cherished as a wackier alternative to other wires, curating a web-friendly—and classically Murdoch—mix of the buzzy weird news, crime and animal stories well-suited to the company’s tabloid elements.”

Stoeffel reports, “The layoffs are part of a wave of cost-cutting measures occurring as the media giant prepares to spin off its newspaper operations (like The Wall Street Journal and the New York Post) into a separate company, which will no longer be insulated by the success of properties like Fox News and BSkyB… In addition, there are internal rumors that The Daily has been put ‘on watch.’ According to a source the status of the groundbreaking iPad tabloid — which loses $30 million a year — will be reassessed after the November 6 election.”

Read more in the full article here.

MacDailyNews Take: We haven’t checked out The Daily in months. Anybody still perusing it? If so, how is it?

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