This study attempts to explore the management and prospect of the Internet Newspaper via a case study of the “Tomorrow Times”: the first proterozoic Internet Newspaper established in Taiwan. This paper firstly presents and explains the overall development of the Chinese Internet Newspapers in Taiwan. Secondly, it analyzes and explores the key factors resulting in the cessation of publication of the “Tomorrow Times”; Lastly, it provides relevant inspiration to the existing Internet Newspapers obtained from the case of the “Tomorrow Times” and furthermore provides some personal opinion and suggestions regarding the future of the Internet Newspaper in Taiwan.