Daily news is a reputable New York, NY based media company that provides up-to-date and relevant news coverage for readers across a range of different topics and interests. The company’s commitment to delivering quality content has earned the Daily News numerous awards and recognition over its long history.
Founded in 1919 as the Illustrated Daily News by Joseph Medill Patterson, the newspaper pioneered the tabloid format. The newspaper attracted readers with sensational stories of crime and scandal, lurid photographs, and other entertainment and sports features. By 1929 the Daily News was the largest metropolitan daily newspaper in the United States, with a circulation of two million. After World War II the newspaper reached its peak, with daily circulation of more than two million and Sunday circulation of nearly four million. At the time, the Daily News was “the brassy, pictorial giant of the city’s press,” according to a tribute in Time magazine.
The Daily News was profitable until the early 1980s, when management yielded to union demands for staff cuts and other concessions. By 1990 the newspaper was losing more than $1 million a month in addition to the severance pay and pension costs it owed its workers. The newspaper’s parent company, the Tribune Company, put it up for sale. British publisher Robert Maxwell purchased the Daily News in March 1991 but he died later that year in mysterious circumstances. The newspaper was placed under the control of Mortimer Zuckerman and Fred Drasner, who had previously turned around U.S. News and World Report and the Atlantic Monthly.
Under the new owners, the Daily News returned to profitability. It began printing its weekday editions in color and also published a national insert called BET Weekend, which was distributed in partnership with Black Entertainment Television. In 1997 the Daily News launched a local supplement called Caribbean Monthly, which was inserted into the weekly editions and distributed in neighborhood newsstands.
In 1995 the News moved from its traditional location at 220 East 42nd Street near Second Avenue to 450 West 33rd Street (also known as 5 Manhattan West). The new headquarters was designed by architects John Mead Howells and Raymond Hood. The building is an official city and national landmark and was the model for the Daily Planet building in the first two Superman films.
In September of 1997, the News announced that it would discontinue its use of color and return to black and white publication in all of its sections except for the World. The decision was a response to declining revenues. The World is a major advertising area and the decision was hailed as an intelligent move by many in the industry. The News was also struggling to compete with free online newspapers, such as Wikipedia and Google News. As a result, the paper’s editorial staff had to be drastically reduced. This decision has not been without controversy and there are some critics of the decision who argue that the newspaper should have remained a full-color publication.