The New Daily

Last updated

The New Daily
Format Online newspaper
Owner(s) Solstice Media
EditorNeil Frankland
Founded2013
Headquarters Melbourne, Victoria, Australia
Website thenewdaily.com.au

The New Daily is an online Australian newspaper founded in 2013, and owned by Solstice Media.

Contents

History

The New Daily was started by AustralianSuper, Cbus and Industry Super Holdings in 2013. [1] [2] The venture was deemed controversial due to its ownership by non-profit superannuation funds (which are legally obliged to spend money in their members' best interests) regarding both the publication's commercial nature and its editorial independence. [3]

The founding editor was Bruce Guthrie. [4] [5]

In 2016, it became wholly owned by Industry Super Holdings. [1] [3] [6] 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 news site would be a worthwhile activity for super-fund members for a number of reasons. [7]

When the publication was launched, its owner AustralianSuper planned to force subscriptions from its members unless those members opted-out of the subscription within a one-month period. [8] The move was controversial, and criticised by the Australian Financial Review . [8] Following criticisms from regulators such as the Australian Prudential Regulation Authority, the plans were scrapped. [7]

In August 2024, Industry Super Holdings put the publication up for sale. [9] The New Daily was subsequently sold to Solstice Media in December 2024. [10]

Description

The publication says it has an independence charter which lays out a formal separation between news content and ownership. [11] It aims to promote financial literacy amongst members of superannuation funds. [3]

The New Daily is published by Solstice Media. [12]

Performance

In 2017, The New Daily generated $13,647 profit based on revenue of $280,125 from advertising in addition to capital investment from its owner. [3]

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

It recorded a monthly unique audience greater than The Australian newspaper, according to Nielsen digital news rankings for February 2022. [14]

People

As of June 2024 the editor is Neil Frankland. [15] Founding editor Bruce Guthrie was editorial director and remains an editorial adviser. [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. [16]

Its flagship columnists have included Paul Bongiorno, Alan Kohler and Michael Pascoe. [13]

Other notable contributors include:

References

  1. 1 2 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. ↑ Manning, James (14 April 2017). "The New Daily goes top 20: Breakeven in sight". Mediaweek . Retrieved 1 October 2017.
  3. 1 2 3 4 Battersby, Lucy (21 November 2016). "The New Daily now wholly owned by Industry Super Holdings". Sydney Morning Herald . Retrieved 29 November 2018.
  4. 1 2 Connery, Tess (6 December 2023). ""There is no finish line in daily news": Bruce Guthrie on 10 years of The New Daily". Mediaweek. Retrieved 15 June 2024.
  5. ↑ Kweesar, Cindy Paskalina (19 November 2023). "Telum Talks To: Bruce Guthrie from The New Daily". Telum Media. Retrieved 15 June 2024.
  6. ↑ Klan, Anthony (24 February 2014). "Corporate regulators probe The New Daily website for illegalities" . The Australian . Retrieved 1 October 2017.
  7. 1 2 "ACTU not fussed about The New Daily spam". Australian Financial Review . 21 November 2022. Retrieved 22 June 2023.
  8. 1 2 "AusSuper signs up its 2 million members to news website". Australian Financial Review. 19 May 2021. Retrieved 22 June 2023.
  9. ↑ Industry Super Holdings wants to offload The New Daily Mumbrella 21 August 2024
  10. ↑ "Industry super funds sell The New Daily". Australian Financial Review. 13 December 2024. Retrieved 21 May 2025.
  11. ↑ Samios, Zoe; Harris, Rob (13 December 2020). "'APRA is now awake': Prudential regulator investigating The New Daily". Sydney Morning Herald . Retrieved 17 December 2020.
  12. ↑ "The New Daily". Solstice Media. 28 July 2022. Retrieved 28 July 2023.
  13. 1 2 3 4 "The New Daily celebrates audience growth on fifth anniversary". Mediaweek . 13 November 2018. Retrieved 29 November 2018.
  14. ↑ 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.
  15. ↑ "Contact". The New Daily. 11 December 2016. Archived from the original on 15 June 2024. Retrieved 15 June 2024.
  16. ↑ "The New Daily's Scott Morrison holiday scoop wins Walkley Award". The New Daily. 20 November 2020. Retrieved 3 August 2022.
  17. ↑ "Zoe Daniel, Author at The New Daily". The New Daily. Retrieved 15 November 2021.
  18. ↑ "Francis Leach joins The New Daily as sports editor". B&T. 23 October 2018. Retrieved 24 October 2018.
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