The New Daily

Last updated

The New Daily
The New Daily logo.svg
Format Online newspaper
Owner(s) Industry Super Holdings
EditorNeil Frankland
Founded2013
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]

Contents

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

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References

  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. ↑ Manning, James (14 April 2017). "The New Daily goes top 20: Breakeven in sight". Media Week. Retrieved 1 October 2017.
  3. ↑ "The New Daily". Solstice Media. 28 July 2022. Retrieved 28 July 2023.
  4. ↑ "Contact". The New Daily. Retrieved 7 June 2019.
  5. ↑ "The New Daily's Scott Morrison holiday scoop wins Walkley Award". The New Daily. 20 November 2020. Retrieved 3 August 2022.
  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. 1 2 3 Battersby, Lucy (21 November 2016). "The New Daily now wholly owned by Industry Super Holdings". The Sydney Morning Herald . Retrieved 29 November 2018.
  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. 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.
  10. ↑ Klan, Anthony (24 February 2014). "Corporate regulators probe The New Daily website for illegalities" . The Australian . Retrieved 1 October 2017.
  11. 1 2 "ACTU not fussed about The New Daily spam". Australian Financial Review. 21 November 2022. Retrieved 22 June 2023.
  12. 1 2 "AusSuper signs up its 2 million members to news website". Australian Financial Review. 19 May 2021. Retrieved 22 June 2023.
  13. 1 2 3 4 5 6 "The New Daily celebrates audience growth on fifth anniversary". Mediaweek . 13 November 2018. Retrieved 29 November 2018.
  14. ↑ "Zoe Daniel, Author at The New Daily". The New Daily. Retrieved 15 November 2021.
  15. ↑ "Francis Leach joins The New Daily as sports editor". B&T. 23 October 2018. Retrieved 24 October 2018.
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