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Friday, February 27, 2015

The NY Daily News To Be Sold

The owner of the New York Daily News told employees today that he is exploring the possible sale of the newspaper.  Given the way these things normally work, that either means that a sale has already been agreed upon or that the deal is extremely close to fruition.  After all, the announcement undermines the newspaper on all sorts of fronts, so there is no reason for the announcement unless the sale was coming in short order.

The current speculation is that the most likely buyer is News Corp. which owns the competing New York Post.  Another rumored buyer is Cablevision which owns Newsday, another competitor.  We will have to wait and see who buys.  Hopefully, the new buyer will steer the Daily News more towards the political center.


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