The_New_Daily

<i>The New Daily</i>

The New Daily

Online-only Australian newspaper

For the British newspaper, see The New Daily (British newspaper).

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]

Quick Facts Format, Owner(s) ...

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

  1. [1]
    Ryan, Peter (12 November 2013). "The New Daily emerges as an online media player, with backing from industry superannuation funds". ABC News. Retrieved 1 October 2017.
  2. [2]
    Manning, James (14 April 2017). "The New Daily goes top 20: Breakeven in sight". Media Week. Retrieved 1 October 2017.
  3. [3]
    "The New Daily". Solstice Media. 28 July 2022. Retrieved 28 July 2023.
  4. [4]
    "Contact". The New Daily. Retrieved 7 June 2019.
  5. [5]
    "The New Daily's Scott Morrison holiday scoop wins Walkley Award". The New Daily. 20 November 2020. Retrieved 3 August 2022.
  6. [6]
    Bruce Guthrie [@bruceguthrie] (18 March 2022). "I'll just leave this here. The Nielsen Top 20 digital news sites for February. For the first time, The Oz is in TND's rear-view mirror. Well done ⁦Paul Hamra, @NeilFrankland4 ⁦⁦and @CathBowtell" (Tweet) – via Twitter.
  7. [7]
    Battersby, Lucy (21 November 2016). "The New Daily now wholly owned by Industry Super Holdings". The Sydney Morning Herald. Retrieved 29 November 2018.
  8. [8]
    Samios, Zoe; Harris, Rob (13 December 2020). "'APRA is now awake': Prudential regulator investigating The New Daily". www.smh.com.au. Sydney Morning Herald. Retrieved 17 December 2020.
  9. [9]
    Ryan, Peter (12 November 2013). "The New Daily emerges as an online media player, with backing from industry superannuation funds". ABC News. Retrieved 1 October 2017.
  10. [10]
    Klan, Anthony (24 February 2014). "Corporate regulators probe The New Daily website for illegalities". The Australian. Retrieved 1 October 2017.
  11. [11]
    "ACTU not fussed about The New Daily spam". Australian Financial Review. 21 November 2022. Retrieved 22 June 2023.
  12. [12]
    "AusSuper signs up its 2 million members to news website". Australian Financial Review. 19 May 2021. Retrieved 22 June 2023.
  13. [13]
    "The New Daily celebrates audience growth on fifth anniversary". Mediaweek. 13 November 2018. Retrieved 29 November 2018.
  14. [14]
    "Zoe Daniel, Author at The New Daily". The New Daily. Retrieved 15 November 2021.
  15. [15]
    "Francis Leach joins The New Daily as sports editor". B&T. 23 October 2018. Retrieved 24 October 2018.
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