The New Daily
Online-only Australian newspaper From Wikipedia, the free encyclopedia
The New Daily is an online Australian newspaper founded in 2013, and owned by Industry Super Holdings, which represents industry superannuation funds.
 | |
| Format | Online newspaper |
|---|---|
| Owner(s) | Industry Super Holdings |
| Editor | Neil Frankland |
| Founded | 2013 |
| Headquarters | Melbourne, Victoria, Australia |
| Website | thenewdaily |
History
Summarize
Perspective
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]
Description
The publication says it has an independence charter which lays out a formal separation between news content and ownership.[10] It aims to promote financial literacy amongst members of superannuation funds.[3]
The New Daily is published by Solstice Media.[11]
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.[12]
It recorded a monthly unique audience greater than The Australian newspaper, according to Nielsen digital news rankings for February 2022.[13]
People
As of June 2024[update] the editor is Neil Frankland.[14] 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.[15]
Its flagship columnists have included Paul Bongiorno, Alan Kohler and Michael Pascoe.[12]
Other notable contributors include:
References
External links
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