Possible Sale Of New York Daily News

Posted by | February 26, 2015 22:00 | Filed under: Media/Show Business Top Stories

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It’s not a good time to be in the newspaper business.

Daily News owner Mort Zuckerman is exploring a sale of the tabloid and has retained the firm Lazard to assist in the process.

In a Thursday email to staff, Zuckerman said he hadn’t been considering an imminent sale of the paper, which he acquired in 1993, but that his thinking changed after receiving an approach several weeks ago.

“I have not come to this decision easily,” Zuckerman wrote. “But I believe the immense hard work in turning the business around in an extremely challenging period for the industry, has put the Daily News in as strong a position than it has ever been, particularly online.”

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Copyright 2015 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

One response to Possible Sale Of New York Daily News

  1. Suzanne McFly February 27th, 2015 at 06:53

    So I am guessing Roger Ailes will be submitting a bid? We all know how much he loves tabloids.

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