Mort Zuckerman, owner of The New York Daily News, is determined to make the paper more attractive to buyers. One way Zuckerman intends to do that is to issue a round of layoffs.
The New York Post reports that the cuts are likely coming as early as Thursday. Zukerman is also rumored to be considering a reduction in the paper’s print edition. That would likely mean dropping the day in which circulation is lowest.
These potential cost-cutting moves come after Zuckerman tried in vain to sell the tabloid. The sticking point, obviously, was that no one wanted to take on a paper that loses between $20 and $30 million a year.