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

IndustriesAssociated Press

The New York Daily News may be up for sale.

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.

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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.