Owner of New York Daily News says that he's keeping the tabloid paper after all

IndustriesAssociated Press

Mort Zuckerman, the owner of the New York Daily News, says the tabloid is no longer up for sale.

In an internal memo that was sent Thursday to The Associated Press, Zuckerman says that after meeting with "several potential interested and well-intentioned suitors," he's withdrawing the paper from the market. He had said in February that he had been approached by a potential buyer.

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The newspaper industry has been hit with declines in print circulation and ad revenue as news websites gain readers and ad dollars.

The Daily News has in recent years beefed up its website with a focus on national and celebrity news, and Zuckerman says the digital arm of the Daily News will be increasingly important.