Australian news outlet The New Daily cuts staff and seeks buyer amid financial struggles.

The New Daily, an Australian news publication backed by Industry Super, is reducing its workforce as it prepares to be sold by the end of the year. Facing financial struggles, the publication has laid off eight employees and offered new roles to a few others. Solstice Media, currently the publisher through its subsidiary Motion Publishing, is the leading candidate to acquire The New Daily, which previously had 26 journalists.

November 25, 2024
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