Daily News Bidders Down to Three

A newcomer adds his name to the list.

The auction for The New York Daily News is down to three suitors, two who were previously known and one surprise addition.

According to The New York Post, John Catsimatidis and Jimmy Finkelstein are still in the running, with real estate mogul Steve Witkoff as the newcomer. Others interested in buying the paper included Cablevision boss James Dolan – who recently decided the tabloid wasn’t worth his one dollar offer – and Hollywood producer Jon Peters.

The deadline for the auction is May 18, so hopefully we’ll know who wins the Daily News then. As of now, it seems like it’s Castimatidis’ to lose. Literally. At roughly $20 million a year.