New York Daily News Exploring a Sale
Posted in: UncategorizedMort Zuckerman, owner of the New York Daily News, is exploring a sale of the newspaper.
In an email to Daily News staff Thursday, Mr. Zuckerman said he was approached a few weeks ago and asked about his potential interest in selling the paper. “Although there were no immediate plans to consider a sale, we thought it would be prudent to explore the possibility and talk to potential buyers and/or investors,” he wrote in the email.
“I have not come to this decision easily,” added Mr. Zuckerman, who bought the Daily News in 1993. “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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