The New York Daily News could be up for sale, Capital New York reported Thursday afternoon.
"Although there were no immediate plans to consider a sale, we thought it would be prudent to explore the possibility and talk to potential buyers and/or investors," Mortimer Zuckerman, the tabloid's publisher, said in an email sent to his staff, the report said. Zuckerman also retained the services of Lazard, a financial advisory firm, to assist with the exploration process, the report said.
The tabloid has been suffering from declines in print circulation and advertising in recent years, the report said. In fact, it has plans to close its bureaus in Brooklyn, the Bronx and Queens, Capital New York reported on Jan. 30.
Zuckerman has been at the helm of the tabloid since 1993 and is also the owner of the U.S. News & World Report.
The tabloid could not be reached for comment.
Read the full report here.