media Mar. 31, 2015

Report: Cablevision Will Troll the Daily News by Offering to Buy It for $1

By Jessica Roy

NEW YORK - JUNE 02: Kristin Dolan and James L. Dolan attend the 2010 Children's Health Fund Benefit Gala at The Hilton New York on June 2, 2010 in New York City. (Photo by Slaven Vlasic/Getty Images)

Mr. Dolan Photo: Slaven Vlasic/Slaven Vlasic

Reports surfaced in early March that the New York Daily News is seeking a potential new buyer, and that that buyer might be Cablevision CEO Jimmy Dolan. Now Reuters reports that Dolan is preparing to make an offer on the tabloid for a measly $1. A source told Reuters that the bid takes into account the paper’s profit-losing streak, though we have a feeling it might also have something to do with the Dolan-Zuckerman beef. Billionaires: using wealth and power to troll each other since before being a billionaire was even a thing.

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Cablevision Will Offer to Buy Daily News for $1

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