Original article by John Rolfe
The Daily Telegraph – Page: Online : 2-Nov-21

The financial accounts of Industry Super Holdings shows that The New Daily lost $2.7m in 2020-21. The superannuation industry-backed news website has not booked a profit since it was founded nearly a decade ago, but its book value has been upgraded from zero to $4.4m following a review by an independent valuation expert. Liberal senator Andrew Bragg has questioned why super fund members are continuing to fund The New Daily, and reiterated his view that it is a "propaganda outfit" for union-linked super funds.

CORPORATES
THE NEW DAILY, INDUSTRY SUPER HOLDINGS PTY LTD, LIBERAL PARTY OF AUSTRALIA