The New Daily to be bought out by publisher

Nathan Jolly

November 26, 2024 9:18

Super-funded news publication, The New Daily, is slashing jobs as it prepares to move into the hands of its new publisher, Solstice Media.

The Sydney Morning Herald reports that eight roles have been made redundant as Solstice Media prepares to buy the publication, with the deal expected to be finalised by the end of the year.

The New Daily launched in 2013 with an unorthodox ownership structure comprising of six super funds: AustralianSuper, HESTA, LUCRF, United Super, First Super, and Cbus. It was helmed by former Herald Sun editor, Bruce Guthrie.

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Nathan Jolly

Nathan Jolly is the Features Editor at Mumbrella. He joined the team in July, 2023.