The New York Daily News Is For Sale
“I have not come to this decision easily,” said owner Mort Zuckerman in a memo to staff, obtained by BuzzFeed News.
Mort Zuckerman, the billionaire owner of the New York Daily News, told employees in a memo today that he is exploring a sale of the newspaper.
Here’s the full memo, obtained by BuzzFeed News.
I want to share with you a new development regarding the company.
A few weeks ago, we were approached about our potential interest in
selling the Daily News. 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. To help us
with the process, I have retained Lazard, a leading financial advisory
I have not come to this decision easily. 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.
I appreciate that this news is difficult for you to digest. But I want
to reassure you that my aim throughout this process will be to do the
right thing for the business to ensure the Daily News and its
brilliant staff have the best opportunity to achieve all our future