The New Daily
 | |
| Format | Online newspaper |
|---|---|
| Owner(s) | Industry Super Holdings |
| Editor | Neil Frankland |
| Founded | 2013 |
| Headquarters | Melbourne, Victoria, Australia |
| Website | thenewdaily |
The New Daily is an online Australian newspaper founded in 2013, and owned by Industry Super Holdings, which represents industry superannuation funds.
History
[edit]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
[edit]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
[edit]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
[edit]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
[edit]- ^ a b 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.
- ^ Manning, James (14 April 2017). "The New Daily goes top 20: Breakeven in sight". Mediaweek. Retrieved 1 October 2017.
- ^ a b c d Battersby, Lucy (21 November 2016). "The New Daily now wholly owned by Industry Super Holdings". Sydney Morning Herald. Retrieved 29 November 2018.
- ^ a b 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.
- ^ Kweesar, Cindy Paskalina (19 November 2023). "Telum Talks To: Bruce Guthrie from The New Daily". Telum Media. Retrieved 15 June 2024.
- ^ Klan, Anthony (24 February 2014). "Corporate regulators probe The New Daily website for illegalities". The Australian. Retrieved 1 October 2017.
- ^ a b "ACTU not fussed about The New Daily spam". Australian Financial Review. 21 November 2022. Retrieved 22 June 2023.
- ^ a b "AusSuper signs up its 2 million members to news website". Australian Financial Review. 19 May 2021. Retrieved 22 June 2023.
- ^ Industry Super Holdings wants to offload The New Daily Mumbrella 21 August 2024
- ^ Samios, Zoe; Harris, Rob (13 December 2020). "'APRA is now awake': Prudential regulator investigating The New Daily". Sydney Morning Herald. Retrieved 17 December 2020.
- ^ "The New Daily". Solstice Media. 28 July 2022. Retrieved 28 July 2023.
- ^ a b c d "The New Daily celebrates audience growth on fifth anniversary". Mediaweek. 13 November 2018. Retrieved 29 November 2018.
- ^ 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.
- ^ "Contact". The New Daily. 11 December 2016. Archived from the original on 15 June 2024. Retrieved 15 June 2024.
- ^ "The New Daily's Scott Morrison holiday scoop wins Walkley Award". The New Daily. 20 November 2020. Retrieved 3 August 2022.
- ^ "Zoe Daniel, Author at The New Daily". The New Daily. Retrieved 15 November 2021.
- ^ "Francis Leach joins The New Daily as sports editor". B&T. 23 October 2018. Retrieved 24 October 2018.