Daily News (New York)

The Daily News is an American newspaper based in New York City. It is the fourth-most widely circulated daily newspaper in the United States. It was founded in 1919, and was the first U.S. daily printed in tabloid format. As of 2014, it is owned and run by Mortimer Zuckerman, and is headquartered at 4 New York Plaza in Lower Manhattan.

History

The Daily News was founded by Joseph Medill Patterson in 1919. It was not connected to an earlier New York Daily News, which had been founded in the 1850s, flourished under the stewardship of Benjamin Wood, and faltered after his death in 1900, going through three owners (including his widow) before suspending publication in mid-December 1906. Patterson and his cousin, Robert R. McCormick were co-publishers of the Chicago Tribune and grandsons of Tribune founder Joseph Medill.

When Patterson and McCormick could not agree on the editorial content of the Chicago paper, the two cousins decided at a meeting in Paris that Patterson set on the project of launching a Tribune-owned newspaper in New York. On his way back, Patterson met with Alfred Harmsworth, who was the Viscount Northcliffe and publisher of the Daily Mirror, London's tabloid newspaper. Impressed with the advantages of a tabloid, Patterson launched the Daily News on June 26, 1919. The cover price was two cents (equivalent to 27¢ in 2016).