Industry Super Holdings wants to offload The New Daily
Industry Super Holdings are looking to get out of the media business by selling off The New Daily, perhaps aware that past performance is no guarantee of future results.
A spokesperson for The New Daily confirmed the potential of a sale to the Sydney Morning Herald, blaming the situation on the loss of Meta payments under the news bargaining code.
“In light of the decision by Meta to cease payments for news from media companies, combined with other pressures in the industry, the board of The New Daily is undertaking a market scan to identify whether a sale would be in the best interest of the business,” the spokesperson said.
New Daily is great. It’s also a ripe acquisition for Private Media.
Maybe if they put more ads on the page they would do better.
🙂
I unsubscribed from the New Daily the moment Michael Pascoe went down his ‘Keating-ish’ anti-American, pro-China path. If sold to the SMH, Pascoe would likely butt heads with Peter Hartcher, the el-supremo of anti-China commentary. Its unlikely to be a long marriage.