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The Daily News is an American newspaper founded in 1919 and located in New York City. It is currently owned by Tronc, a media company that also owns USA Today.
In 1975, the Daily News rolled out what would become one of its most famous headlines ever: “FORD TO CITY: DROP DEAD.” The article followed President Ford’s veto of a bankruptcy bailout for the City of New York and was intended as a wake-up call to the political establishment.
Throughout the mid-1900s, the Daily News enjoyed its most prosperous period as a major tabloid, boasting circulation numbers that exceeded those of its rival the New York Post. The paper found abundant subject matter in the decade that saw the Great Depression, World War II, and social intrigue involving Wallis Simpson and King Edward VIII’s romance (which ultimately led to the latter’s abdication). The News also invested heavily in photography; it was an early user of the Associated Press wirephoto service and developed a large staff of photographers.
But the rise of television and other digital forms of news delivery has eaten away at the Daily News’s market share. By the late 1980s, the paper was losing money; its losses grew to $115 million in 1989 and $220 million in 1992. Then, in 1993, a businessman named Mortimer Zuckerman bought the News and launched an ambitious plan to turn it into a “serious tabloid.” Zuckerman made several big changes to the Daily News, including investing $60 million towards color presses so that the paper could compete with its national rival, USA Today.
As of 2019, the Daily News’s circulation has halved since its peak in 2017. In September 2018, it was announced that Tronc, the newspaper’s former owner, had repurchased the News for the staggering sum of just one dollar.
The Daily News has long been a staunchly conservative publication, with its most famous stance being an editorial in 1975 denouncing President Gerald Ford’s veto of a bailout for the City of New York with the infamous screamer: “FORD TO CITY: DUMB DEAD.” More recently, the paper has moved to a more flexible centrist stance. The Daily News regularly takes positions on various candidates and ballot measure issues covered by Ballotpedia.
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