MEDIA
Black to Negotiate With N.Y. Daily News: Canadian publisher Conrad Black has been given the go-ahead to begin full-scale negotiations to buy the New York Daily News, the newspaper said. Black was given the green light after a meeting of News management, unions and trade creditors, Salomon Bros. Vice President Tom Hirschfeld said. The investment banking firm is leading the effort to find a buyer for the tabloid. Black, who owns 200 newspapers worldwide, will bid through his Vancouver-based Hollinger Inc. and has about four weeks to work out a deal with the newspaper’s management, its unions and creditors.
More to Read
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.