New York Daily News Loses $20 Million a Year

A closure is more likely than a sale.

NY_DNThe hot media story of the moment is that New York Daily News owner Mort Zuckerman is considering selling the tabloid. The logical question that emerges out of that is who in their right mind would want to buy it? Especially considering Capital New York’s report that the Daily News loses about $20 million a year.

The first person that comes to mind is Rupert Murdoch, if only because there were rumors of a New York Post/Daily News merger a few months ago.

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