The New Daily
The New Daily is an online, non-paywalled, Australian newspaper established in 2013. It was founded by AustralianSuper, Cbus and Industry Super Holdings but in 2016 became wholly owned by Industry Super Holdings. The founding editor is Bruce Guthrie, currently the editorial director, who was formerly an editor of the Herald Sun and The Age.
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. 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.
The purpose of this free online newsletter was to improve financial literacy in the community, free of the problems of pay-walls, though the content mainly has a focus on current affairs reporting. On its fifth anniversary in 2018, the publishers reported significant success in achieving two million unique monthly viewers.
