For Sale: NY Daily News – $1 or best offer

Posted on September 5, 2017 by Fred Stiening

http://www.nasdaq.com/article/mort-zuckerman-to-newspaper-industry-drop-dead-20170905-01142

NY Times view

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4 Responses to For Sale: NY Daily News – $1 or best offer

  1. haiti222 says:
    September 8, 2017 at 2:44 pm

    It’s a reunion because the Chicago Tribune used to own the New York Daily News.

    • Fred Stiening says:
      September 8, 2017 at 6:21 pm

      Newspapers didn’t foresee their ad / circulation decline and have massive unfunded pension and other guarantees promised to keep the unions happy. Now they are playing the game of “pass the liability” and trying to dump it all on the government Pension Guaranty Corporation

      • CC1s121LrBGT says:
        September 9, 2017 at 2:50 pm

        I don’t know one person that buys newspapers. I am an ex-newspaperboy and remember when people told me that the ads paid for the articles and that charge for the paper paid for the delivery costs (including the ink and paper.) Now the delivery costs are almost free and they are still not making money.

        It’s competition at work. In the old days, you had the option to read only one or two newspapers where ever you lived. Now I read papers from Silicon Valley to keep up with tech news, and papers from the UK because I like how they punctuate their sentences. 😉

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