Published On: Wed, Mar 4th, 2015

Gristedes Owner Wants to Buy the NY Daily News from Mort Zuckerman

Jim Dolan may be another potential buyer of the New York Daily News

Mort Zuckerman

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.

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.

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