WESTCHESTER COUNTY, N.Y. -- The owner of the New York Daily News told employees on Thursday he is exploring the sale of the paper, according to a story on Poynter.org.
Mort Zuckerman said in a memo to employees he has retained a financial advisory firm to explore selling the newspaper.
Zuckerman also owns U.S. News & World report. He purchased the Daily News for $36.3 million in 1993. The New York Daily News tabloid claims a daily circulation of 338,944, the seventh-largest circulation of all newspapers in the United States. Its average Sunday circulation is 410,839.
Click here to read the Poynter story.
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