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The Daily News is a tabloid newspaper that serves New York City. It is one of the largest newspapers in the United States and has a long history in the city. The Daily News has won numerous awards over the years, including the Pulitzer Prize. The newspaper has a strong focus on local news and sports, as well as national and international issues.
In 1975, the Daily News rolled out what would become its most famous headline. President Gerald Ford had just vetoed a bankruptcy bail-out for New York City, and the front page read “FORD TO CITY: DROP DEAD”. The screamer was widely credited with helping to send Ford on his way to defeat in the 1976 presidential election. In the decades that followed, the Daily News moved from a staunchly Republican publication to a more flexible centrist position, exemplified by slogans like “The Eyes, the Ears, the Honest Voice of New York” and “The most New York you can get”.
In 1991, controversial British media mogul Robert Maxwell purchased the Daily News from the Tribune Company. He brought the paper out of bankruptcy and invested heavily in upgrading its print production. The result was that the Daily News regained its previous earning potential and repositioned itself as a serious tabloid.
By the late 1990s, however, the Daily News was again losing money. In October 1990, the newspaper’s ten unions – which had combined to form the Allied Printing Trades Council – went on strike. The strike lasted five months, and the Daily News hired non-union workers to keep publishing. Labor costs swallowed up 44 percent of the newspaper’s revenue, contributing to a $70 million loss for the fourth quarter of 1990 alone.
In 2017, the newspaper was sold to Tronc, a Chicago-based media company. The sale was part of a major restructuring by Zuckerman to cut costs and improve profitability. He made several big changes, such as investing $60 million for color presses to match the visual quality of USA Today, and moving the Daily News out of its historic Park Place location into 220 East 42nd Street (also known as 5 Manhattan West)—a modernist tower designed by Raymond Hood and John Mead Howells that was the inspiration for the Daily Planet building in the Superman movies.
