Catsimatidis Reportedly Seeking Daily News Buy

NEW YORK – Greek-American billionaire entrepreneur John Catsimatidis is reported by the New York Post “to be the mystery suitor negotiating to buy the embattled Daily News from Mort Zuckerman.”

Sources close to the situation said he has been negotiating the deal for about a month and its successful conclusion “is by no means guaranteed.”

Catsimatidis, who finished second in the 2013 Republican primary for mayor, is best known as the owner of the Gristedes supermarket chain, but in the Greek-American community he has distinguished himself as an Archon, past vice chairman of the Archdiocesan Council, the founder and co-publisher with his wife, Margo, of the Hellenic Times, and as one of the co-founders of the Hellenic Times Scholarship Fund.

He has attracted a steady stream of movers and shakers to his New York-based CATS Roundtable Radio show (970 AM) that airs at Sunday mornings at 9AM.

According to the Post, “Zuckerman last week acknowledged that he had retained [investment bank] Lazard to test the market after receiving an unsolicited buyout overture from an undisclosed suitor. The paper is said to have revenues of around $175 million a year and losses estimated to be between $20 million and $30 million. A new owner would also have to come to terms with the trade unions.”

Zuckerman and his then-partner Fred Drasner had bought the paper for about $36 million. The Post reported that “most of that price tag was in assumed liabilities.”


SEOUL - According to a report by NBC News , Google has unveiled new street view images this week to celebrate the 70th anniversary of the armistice between North and South Korea.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.