{"id":11385,"date":"2015-03-31T09:26:17","date_gmt":"2015-03-31T13:26:17","guid":{"rendered":"http:\/\/www.gunpoliticsny.com\/?p=11385"},"modified":"2015-03-31T09:26:52","modified_gmt":"2015-03-31T13:26:52","slug":"still-overpriced","status":"publish","type":"post","link":"http:\/\/www.gunpoliticsny.com\/?p=11385","title":{"rendered":"Still overpriced"},"content":{"rendered":"

A follow-up to my previous post<\/a> on why the Daily News is losing money, Reuters reports, “Cablevision to make $1 offer for New York Daily News<\/a>“:<\/p>\n

“U.S. cable T.V. operator Cablevision Systems Corp<\/a> is planning to make an offer for the New York Daily News<\/a> as early as this week, valuing the troubled tabloid at just $1, according to a person familiar with the matter.\u00a0 The offer would come one month after New York media and real estate magnate Mortimer Zuckerman<\/a> said he was considering selling the newspaper and had hired Lazard Ltd<\/a> to assist with the process.\u00a0 It underscores the declining readership and plunging advertising revenue that have plagued the tabloid for years.\u00a0 Cablevision’s $1 bid takes into account the New York Daily News’ reported $30 million annual loss and $150 million investment in a printing press, and declining circulation that relies heavily on newsstand sales rather than on subscriptions, the source said …”<\/em><\/p><\/blockquote>\n

Perhaps sales would not be an issue for the paper if they stopped attacking gun rights, among other things.<\/p>\n