The first national daily newspaper in the Welsh language will be launched next March, it was announced today.
The paper will be called Y Byd – which means The World in English – and editor Aled Price said it would "revolutionise journalism in Welsh".
Mr Price said: "Y Byd will be full of news local, national and international.
"It will be a complete newspaper incorporating sport, leisure, business and politics.
"A lively website will also be central to the enterprise as Y Byd breaks new ground with a live online newspaper.
"This will be the only website in Welsh which will offer a full news service in Welsh."
Mr Price said the paper was aiming for 5,000 subscribers and the marketing campaign to sell subscriptions would start today.
Y Byd’s headquarters will be in Machynlleth, mid Wales, where the team will produce the daily paper and website, but journalists will be employed throughout Wales, bringing full-time staff to a total of 24.
Ned Thomas, chairman of Dyddiol Cyfs, the company behind the newspaper, said: "Today is a milestone in an ongoing process.
"We are building a community around the paper and the website – we have 340 private investors which secures the ownership of the paper in Wales; 1,700 members of the Supporters Club, and now we are launching the subscription marketing campaign.
"Y Byd has received incredible support from people across Wales and beyond, including non-Welsh speaking supporters.
"I’m also grateful for business grant aid from the Welsh Assembly Government and Powys County Council.
"In the weeks to come we will be looking for further support from the Welsh business community. The promotion of the Welsh economy is a priority for the newspaper.
"We will also continue talks with political parties in the National Assembly, urging them to build on promises made during the recent election campaign to help establish a daily newspaper based on firm foundations in accordance with the expectations of the Council of Europe."