In a memo to staff, New York Daily News owner Mort Zuckerman said he was approached by someone who may be willing to buy the newspaper. It seems that person may be former mayoral candidate and Gristedes owner John Catsimatidis, according to Newsmax.
The two were seen having lunch a couple of weeks ago, and when contacted by the Times, Catsimatidis said, “It’s a great asset to New York. It deserves to live, but it’s a long way between today and Tipperary.” He mentioned that he had made a confidentiality agreement not to discuss the potential deal. James Dolan, owner of the Knicks and Newsday, has also expressed interest in buying the paper.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Mort Zuckerman has owned the Daily News since 1993, and amid declining print circulation and slower ad orders, he announced he is contemplating a sale of the paper.
Zuckerman added in the memo to staff, according to the New York Times, “I have not come to this decision easily, ” and said, “the immense hard work in turning the business around in an extremely challenging period for the industry” had put it in a strong position. Initially, there were rumors that Rupert Murdoch was the one who made the offer to buy the Daily News, but sources close to the matter denied this.
