MEDIA - Los Angeles Times
Advertisement

MEDIA

Share via
From Times Staff and Wire Reports

Black to Negotiate With N.Y. Daily News: Canadian publisher Conrad Black has been given the go-ahead to begin full-scale negotiations to buy the New York Daily News, the newspaper said. Black was given the green light after a meeting of News management, unions and trade creditors, Salomon Bros. Vice President Tom Hirschfeld said. The investment banking firm is leading the effort to find a buyer for the tabloid. Black, who owns 200 newspapers worldwide, will bid through his Vancouver-based Hollinger Inc. and has about four weeks to work out a deal with the newspaper’s management, its unions and creditors.

Advertisement