New York Daily News owner Mort Zuckerman exploring selling the NYC tabloid newspaper

Industries Associated Press

The New York Daily News may be up for sale.

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Mort Zuckerman, the owner and publisher of the New York City tabloid newspaper, sent a memo to employees on Thursday that said he was approached about a potential sale a few weeks ago. The memo was sent to The Associated Press.

Zuckerman says "there were no immediate plans to consider a sale," but "we thought it would be prudent to explore the possibility and talk to potential buyers and/or investors."

He has hired the financial advisory firm Lazard to help with the process.

Zuckerman says the newspaper is in a strong position, especially online.

Zuckerman did not say who the potential buyer is and his spokesman Tom Goodman had no comment beyond the memo.