The New York Daily News now has two bidders — John Catsimatidis and a group led by Jimmy Finkelstein.
If Finkelstein takes over, say goodbye to the Daily News as you know it. According to The New York Post, Finkelstein has plans to change the tabloid into a digital-only production in an effort to eventually turn a profit. That’s understandable, if not depressing. What is New York with only one tabloid? Chicago? Gross.
Catsimatidis—long considered the frontrunner to win (lose?) the Daily News—has no plans to shutter the print version. “I hope they sell it to someone who lets it survive,” Catsimatidis told the Post. By “someone” he means himself.