A Potted Financial Analysis of Murdoch’s Upcoming iPad Daily: 130,000 Paying Readers Needed Per Week?

According to James Murdoch’s remarks at the DLD Conference in Germany this week (as reported here in TechCrunch), the company’s hired 126 journalists for

According to James Murdoch's remarks at the DLD Conference in Germany this week (as reported here in TechCrunch), the company's hired 126 journalists for its upcoming iPad Daily.That's a lot of journalists. I'm assuming that many of these are stringers or part-timers. That given, let's run some numbers, shall we? 126 journalists @ an average of $45kyear incl. tax & tags = $5,670,00010 other staff (our estimate) @75k each = $750,000Offices, legal, insurance, PR, tech, etc.…...

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