The New Daily

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For the British newspaper, see The New Daily (British newspaper).
The New Daily
Official logo of The New Daily
Format Online newspaper
Owner(s) Industry Super Holdings
Editor Neil Frankland
Founded 2013
Headquarters Melbourne, Victoria, Australia
Website thenewdaily.com.au

The New Daily is an online Australian newspaper founded in 2013,[1][2] owned by Solstice Media.[3] The founding editor, Bruce Guthrie, is as of June 2019 the editorial director.[4]

The paper's former political editor, Samantha Maiden, revealed that former prime minister Scott Morrison left for a holiday to Hawaii during the middle of catastrophic bushfires, a story that was later awarded the Walkley Award for Scoop of the Year for 2019.[5]

Its flagship columnists include Paul Bongiorno, Alan Kohler, and Michael Pascoe. It recorded a monthly unique audience greater than The Australian newspaper according to Nielsen digital news rankings for February 2022.[6]

History

The venture has been controversial due to its ownership by non-profit superannuation funds, in regards to both the publication's commercial nature and its editorial independence.[7] The paper says it has an independence charter which lays out a formal separation between news content and ownership.[8]

Founding

The paper was started by AustralianSuper, Cbus and Industry Super Holdings in 2013.[9] In 2016, it became wholly owned by Industry Super Holdings.[9][7][10] The initial funding and investment of the entity was paid for using funds from those organisations, with justifications made by super-fund management that investing in the paper would be a worthwhile activity for super-fund members for a number of reasons.[11]

When the paper was initially launched, its owner AustralianSuper planned to force subscriptions from its members to the paper, unless those superfund members opted-out from the subscription within a one month period.[12] The move was controversial, and criticised by the AFR.[12] Following criticisms from regulators such as APRA, the plans were scrapped.[11]

Recent performance

In 2017, The New Daily generated A$13,647 profit based on revenue of A$280,125 from advertising in addition to capital investment from its owner.[7] Their total losses for 2017 were A$2.1 million, which were covered through a dividend from sister company IFM Investors.[citation needed]

On its fifth anniversary in 2018, the publishers reported significant success in achieving two million unique monthly viewers.[13]

Notable contributors

References

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External links

Template:Online news in Australia

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