This daily news might not always be fit to print, but it at least keeps New Yorkers entertained. Daily News, L.P. publishes New York City's Daily News, the big city tabloid that goes toe-to-toe with the New York Post (owned by Rupert Murdoch's News Corporation) by penning over-the-top headlines and sensational stories. The paper, founded in 1919, is distributed primarily in the Five Boroughs and boasts a circulation of more than 550,000. It also distributes news and features online through its website. The Daily News is owned by real estate magnate Mortimer Zuckerman, who also owns news magazine U.S. News & World Report.
The company's newspapers are geared towards the New York City metropolitan area. Its publications' website have global reach via the Internet.
Sales and Marketing
Survival in the newspaper business is tough enough, but operating the crowded New York media market takes that battle to a whole new level. In addition to the Post, The Daily News fights for readers with widely read New York Times and Wall Street Journal (also owned by News Corporation), as well as slew of borough-specific and foreign language papers. The newspaper also contends with New York-centric gossip websites such as those run by Gawker Media.
In response to declining readership and advertising revenue, the Daily News has been working to expanding its use of the Internet to distribute content and gain new readers. Cutting costs has also been a major focus of the company: The Daily News joined a consortium of papers in New York and New Jersey to share content early in 2009. The group, which includes The Star-Ledger (owned by Advance Publications) and The Record (North Jersey Media Group), hopes the effort will allow the papers to cover the region's news with fewer reporters. Daily News also outsourced its foreign news reporting to Boston-based news syndication startup Global News Enterprises (GlobalPost).
Zuckerman is chairman of real estate investment and development firm Boston Properties. He, along with partner Fred Drasner, took control of the Daily News in 1993. A falling out between the partners led to Drasner's departure in 2004.