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Daily News Owner Mort Zuckerman Decides Not to Sell

Mort Zuckerman

The Daily News has been taken off the market after a six-month search for a buyer ended in no deal, owner Mortimer Zuckerman said Thursday.

In February, the 78-year-old Mr. Zuckerman announced he would explore a possible sale of the paper he has owned for more than two decades after being approached by a potential buyer.

“I have met with several potential interested and well-intentioned suitors during this process. For a variety of reasons, I have decided to withdraw the Daily News from the market and have instructed our financial advisers to inform the suitors, ” he said in a memo to the Daily News staff on Thursday. “I believe in the Daily News.”

 

Read the full story at Dow Jones Business News

 

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