‘We get nothing’: No pension for Daily News journos
One hurdle that has nearly derailed other newspaper deals in recent years is not a factor in Mort Zuckerman’s efforts to sell his teetering Daily News tabloid.
There are no pension liabilities for the journalists who labored for years at the 96-year-old paper.
The pensions disappeared after the Tribune Company sold it to Robert “Bouncing Czech” Maxwell, in 1991.
Zuckerman and then-partner Fred Drasner bought the company out of bankruptcy in 1993.
As one insider noted, “We get nothing.”
Cablevision boss Jim Dolan, who is expected to bid $1, and supermarket mogul John Catsimatidis are two of possibly four bidders for the tabloid.