The New Daily

The New Daily was started by AustralianSuper, Cbus and Industry Super Holdings in 2013.{{cite news |last1=Ryan |first1=Peter |date=12 November 2013 |title=The New Daily emerges as an online media player, with backing from industry superannuation funds |publisher=ABC News |url=http://www.abc.net.au/news/2013-11-13/new-daily-launches/5087940 |accessdate=1 October 2017}}{{cite news|last1=Manning |first1=James|title=The New Daily goes top 20: Breakeven in sight|url=http://www.mediaweek.com.au/new-daily-bruce-guthrie/|accessdate=1 October 2017|publisher=Mediaweek|date=14 April 2017}} 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.

The founding editor was Bruce Guthrie.{{cite web | last=Connery | first=Tess | title="There is no finish line in daily news": Bruce Guthrie on 10 years of The New Daily | website=Mediaweek | date=6 December 2023 | url=https://www.mediaweek.com.au/bruce-guthrie-on-10-years-of-the-new-daily/ | access-date=15 June 2024}}{{cite web | last=Kweesar | first=Cindy Paskalina | title=Telum Talks To: Bruce Guthrie from The New Daily | website=Telum Media | date=19 November 2023 | url=https://www.telummedia.com/public/news/telum-talks-to-bruce-guthrie-from-the-new-daily/z0v8j30o1q | access-date=15 June 2024}}

In 2016, it became wholly owned by Industry Super Holdings.{{cite web |last=Battersby |first=Lucy |date=21 November 2016 |title=The New Daily now wholly owned by Industry Super Holdings |url=https://www.smh.com.au/business/companies/free-news-website-now-owned-by-super-industry-megagroup-20161121-gstt6r.html |accessdate=29 November 2018 |work=Sydney Morning Herald}}{{cite news |last1=Klan |first1=Anthony |date=24 February 2014 |title=Corporate regulators probe The New Daily website for illegalities |publisher=The Australian |url=http://www.theaustralian.com.au/business/media/corporate-regulators-probe-the-new-daily-website-for-illegalities/news-story/28ed7d15617585b6e1662363708a098c |url-access=subscription |accessdate=1 October 2017}} 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.{{Cite web |date=2022-11-21 |title=ACTU not fussed about The New Daily spam |url=https://www.afr.com/rear-window/actu-not-fussed-about-the-new-daily-spam-20221121-p5bzyh |access-date=2023-06-22 |website=Australian Financial Review|language=en}}

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.{{Cite web |date=2021-05-19 |title=AusSuper signs up its 2 million members to news website |url=https://www.afr.com/companies/financial-services/australiansuper-signs-up-its-2m-members-to-news-website-20210519-p57t67 |access-date=2023-06-22 |website=Australian Financial Review |language=en}} The move was controversial, and criticised by the Australian Financial Review. Following criticisms from regulators such as the Australian Prudential Regulation Authority, the plans were scrapped.

In August 2024, Industry Super Holdings put the publication up for sale.[https://mumbrella.com.au/industry-super-holdings-wants-to-offload-the-new-daily-845252 Industry Super Holdings wants to offload The New Daily] Mumbrella 21 August 2024

The publication says it has an independence charter which lays out a formal separation between news content and ownership.{{cite web |last1=Samios |first1=Zoe |last2=Harris |first2=Rob |date=13 December 2020 |title='APRA is now awake': Prudential regulator investigating The New Daily |url=https://www.smh.com.au/business/companies/apra-is-now-awake-prudential-regulator-investigating-the-new-daily-20201211-p56mo1.html |access-date=17 December 2020 |website=Sydney Morning Herald}} It aims to promote financial literacy amongst members of superannuation funds.

The New Daily is published by Solstice Media.{{cite web | title=The New Daily | website=Solstice Media | date=28 July 2022 | url=https://solsticemedia.com.au/products/the-new-daily/ | access-date=28 July 2023}}

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.

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

It recorded a monthly unique audience greater than The Australian newspaper, according to Nielsen digital news rankings for February 2022.{{Cite tweet|number=1504662572469223425|user=bruceguthrie|title=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|author=Bruce Guthrie|date=March 18, 2022}}

{{as of|June 2024}} the editor is Neil Frankland.{{cite web | title=Contact | website=The New Daily | date=11 December 2016 | url=https://www.thenewdaily.com.au/contact | access-date=15 June 2024| archive-url=https://web.archive.org/web/20240615083621/https://www.thenewdaily.com.au/contact| archive-date= 15 June 2024| url-status=live}} Founding editor Bruce Guthrie was editorial director and remains an editorial adviser.

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.{{Cite web |date=2020-11-20 |title=The New Daily's Scott Morrison holiday scoop wins Walkley Award |url=https://thenewdaily.com.au/news/national/2020/11/20/walkley-award-sam-maiden-morrison/ |access-date=2022-08-03 |website=The New Daily |language=en-US}}

Its flagship columnists have included Paul Bongiorno, Alan Kohler and Michael Pascoe.{{cite web|url=https://mediaweek.com.au/the-new-daily-fifth-anniversary/|title=The New Daily celebrates audience growth on fifth anniversary|work=Mediaweek|date=13 November 2018|accessdate=29 November 2018}}

Other notable contributors include:

• Kirstie Clements
• Zoe Daniel{{Cite web|title=Zoe Daniel, Author at The New Daily|url=https://thenewdaily.com.au/author/zoe-daniel/|access-date=2021-11-15|website=The New Daily|language=en-US}}
• Quentin Dempster
• Francis Leach{{cite web|url=http://www.bandt.com.au/media/francis-leach-joins-new-daily-sports-editor|title=Francis Leach joins The New Daily as sports editor|work=B&T|date=23 October 2018|accessdate=24 October 2018}}

{{reflist}}

• {{official|https://thenewdaily.com.au}}

{{Online news in Australia}}

{{DEFAULTSORT:New Daily}}

Category:Australian news websites

Category:Newspapers established in 2013

Category:Superannuation in Australia

Category:2013 establishments in Australia