Cablevision has made an offer to buy the New York Daily News for $1.00. Reuters reports Cablevision could make the buyout offer as early as this week. The offer would come one month after New York Daily News Owner Mortimer Zuckerman said he would consider putting the money losing newspaper up for sale and hired Lazard to assist in the process. The New York Daily News loses an estimated $30 million dollars a year. Cablevision says in addition to declining circulation, it would also have to invest $150 million in a printing press. Those costs were taken into consideration when valuing the company.
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