NEW YORK (CBSNewYork/AP) — The New York Daily News may be up for sale.
Mort Zuckerman, the owner and publisher of the tabloid newspaper, sent a memo to employees Thursday that said he was approached about a potential sale a few weeks ago. The memo was sent to The Associated Press.
Zuckerman says “there were no immediate plans to consider a sale,” but “we thought it would be prudent to explore the possibility and talk to potential buyers and/or investors.”
He has hired the financial advisory firm Lazard to help with the process.
Zuckerman says the newspaper is in a strong position, especially online.