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    Media musings

    A glitch in the digital revolution? Breaking down The Daily's demise

    Claire St. Amant
    Dec 6, 2012 | 1:09 pm
    • Rupert Murdoch’s iPad-only brainchild is shuttering December 15 after less thantwo years.
      News Corp.
    • The Daily wrote about anything that had happened on any given day and continent.
      theblaze.com

    When I was in elementary school, my friend Rebecca LaFlure and I started a neighborhood newspaper. We called it Kids News, and, regrettably, I think some issues had a "z" in the title.

    We charged a nickel and peddled the paper door-to-door. It was pretty stinking adorable. Thing was, copies cost a quarter. So while our cute factor was through the roof, our profit margins weren’t.

    In a fun twist of fate, LaFlure and I are both still working in journalism. Something about those French bylines just sticks, I suppose.

    Murdoch seemingly approached the digital era of news with the same level of excess that print publications once enjoyed.

    Although the media landscape today is vastly different than the one we entered in the ’90s, the mistakes are the same. The Daily, Rupert Murdoch’s iPad-only brainchild, is shuttering December 15 after less than two years.

    In that time, The Daily sold 100,000 subscriptions, which cost 99 cents or $40 a year. In addition to spending $30 million on God-knows-what to jumpstart the publication, Murdoch reportedly shelled out $500,000 a week in operating costs.

    And I thought a 20-cent loss per issue was poor management.

    Murdoch seemingly approached the digital era of news with the same level of excess that print publications once enjoyed. Sure, at one time newspapers were so flush with advertising that continually adding departments and bureaus was sustainable. That success story is turning into a tragedy before our eyes.

    Successful digital publications take advantage of a low output cost; they don’t take savings on paper, ink and distribution and blow it all on something new. Whatever other revenue streams Murdoch had up his sleeve besides subscriptions weren't enough to justify his huge business expenditures.

    Granted, the digital model is not without its challenges. But general guideposts of starting small, thinking big, and leaving room for growth go a long way. Speaking from experience, it’s amazing what a team of talented people can produce with little more than an Internet connection, cellphones and subpar coffee.

    The Daily failed in part because it targeted a limited section of society (iPad owners) with broad news coverage.

    The solution to the digital publication problem isn’t as simple as charging more for subscriptions. As you might have guessed, I’m in the lower-the-barrier-to-entry camp when it comes to news sources.

    Charging more may bring in a smaller, more lucrative audience, but it fundamentally changes the purpose of a news company. And not for the better.

    Media is for the masses, not just the elite. The Daily failed in part because it targeted a limited section of society (iPad owners) with broad news coverage.

    For better or for worse, people consistently read articles that confirm their beliefs or relate to their little corner of the world.

    You won’t find me voraciously pouring over websites about British politics. A passing interest is all I can muster for coverage on the latest cars coming out. And yet publications for those segments of society — online and otherwise —flourish.

    Not because they have something for everyone, but because they cover one place or topic really well. There’s something to be said for broad appeal, but an entire publication can’t be based on it.

    The Daily wrote about anything that had happened on any given day and continent. Rather than writing for one audience, The Daily tried to write for all of them. Go figure it worked for no one.

    unspecified
    news/innovation

    Business news

    24 Dallas-Fort Worth companies make 2025 Forbes Global 2000 list

    John Egan
    Jun 17, 2025 | 4:43 pm
    Dallas skyline with reflection
    joe daniel price/Getty Images
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    More than 60 Texas-based companies appear on Forbes’ 2025 list of the world’s 2,000 biggest publicly traded companies, and nearly half come from Dallas-Fort Worth.

    Among Texas companies whose stock is publicly traded, Spring-based ExxonMobil is the highest-ranked at No. 13 globally, followed by another Houston-based company, Chevron (No. 30 globally). Dallas-based AT&T comes in third in Texas (No. 35 globally). Rounding out Texas' top five are Austin-based Oracle (No. 66 globally), and Austin-based Tesla (No. 69 globally).

    Ranking first in the world is New York City-based J.P. Morgan Chase.

    Forbes compiled this year’s Global 2000 list using data from FactSet Research to analyze the biggest public companies based on four metrics: sales, profit, assets, and market value.

    “The annual Forbes Global 2000 list features the companies shaping today’s global markets and moving them worldwide,” said Hank Tucker, a staff writer at Forbes. “This year’s list showcases how despite a complex geopolitical landscape, globalization has continued to fuel decades of economic growth, with the world’s largest companies more than tripling in size across multiple measures in the past 20 years.”

    The U.S. topped the list with 612 companies, followed by China with 317 and Japan with 180.

    Here are the rest of the Texas-based companies in the Forbes 2000, grouped by the location of their headquarters and followed by their global ranking.

    Dallas-Fort Worth

    • Caterpillar (No. 118)
    • Charles Schwab (No. 124)
    • McKesson (No. 195)
    • D.R. Horton (No. 365)
    • Texas Instruments (No. 374)
    • Vistra Energy (No. 437)
    • CBRE (No. 582)
    • Kimberly-Clark (No. 639)
    • Tenet Healthcare (No. 691)
    • American Airlines (No. 834)
    • Southwest Airlines (No. 844)
    • Atmos Energy (No. 1,025)
    • Builders FirstSource (No. 1,039)
    • Copart (No. 1,062)
    • Fluor (No. 1,153)
    • Jacobs Solutions (1,232)
    • Globe Life (1,285)
    • AECOM (No. 1,371)
    • Lennox International (No. 1,486)
    • HF Sinclair (No. 1,532)
    • Invitation Homes (No. 1,603)
    • Celanese (No. 1,845)
    • Tyler Technologies (No. 1,942)

    Houston area

    • ConocoPhillips (No. 105)
    • Phillips 66 (No. 276)
    • SLB (No. 296)
    • EOG Resources (No. 297)
    • Occidental Petroleum (No. 302)
    • Waste Management (No. 351)
    • Kinder Morgan (No. 370)
    • Hewlett Packard Enterprise (No. 379)
    • Baker Hughes (No. 403)
    • Cheniere Energy (No. 415)
    • Corebridge Financial (No. 424)
    • Sysco (No. 448)
    • Halliburton (No. 641)
    • Targa Resources (No. 651)
    • NRG Energy (No. 667)
    • Quanta Services (No. 722)
    • CenterPoint Energy (No. 783)
    • Coterra Energy (No. 1,138)
    • Crown Castle International (No. 1,146)
    • Westlake Corp. (No. 1,199)
    • APA Corp. (No. 1,467)
    • Comfort Systems USA (No. 1,629)
    • Group 1 Automotive (No. 1,653)
    • Talen Energy (No. 1,854)
    • Prosperity Bancshares (No. 1,855)
    • NOV (No. 1,980)

    Austin area

    • Dell Technologies (No. 183)
    • Flex (No. 887)
    • Digital Realty Trust (No. 1,063)
    • CrowdStrike (No. 1,490)

    San Antonio

    • Valero Energy (No. 397)
    • Cullen/Frost Bankers (No. 1,560)

    Midland

    • Diamondback Energy (No. 471)
    • Permian Resources (No. 1,762)
    american airlinesbusinessforbesforbes 2025 listsouthwest airlineslists
    news/innovation
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