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 would work on the project of launching a Tribune-owned newspaper in New York. as an imitation of the successful British newspaper Daily Mirror. The two were co-publishers of the Chicago Tribune and grandsons of Tribune Company founder Joseph Medill. The Illustrated Daily News was founded by Patterson and his cousin, Robert R. Harding on cover of the Daily News (February 5, 1921, front page) Not to be confused with Illustrated Daily News, published in Los Angeles as a precursor of the Los Angeles Mirror and eventually the Los Angeles Times. After the Alden acquisition, alone among the newspapers acquired from Tribune Publishing, the Daily News property was spun off into a separate subsidiary called Daily News Enterprises. This company was acquired by Alden Global Capital, which operates its media properties through Digital First Media, in May 2021. The Daily News is owned by parent company Tribune Publishing. Today's Daily News is not connected to the earlier New York Daily News, which shut down in 1906. As of 2019, it was the eleventh-highest circulated newspaper in the United States. It reached its peak circulation in 1947, at 2.4 million copies a day. It was founded in 1919 by Joseph Medill Patterson as the Illustrated Daily News. The New York Daily News, officially titled the Daily News, is an American newspaper based in Jersey City, New Jersey.
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