MEDIA

Report: Zuckerman Eyes Cutbacks At NY Daily News

Daily News staffers are bracing for another round of cuts this week as owner Mort Zuckerman tries to stanch the flow of red ink at the moribund tabloid.

Zuckerman is expected to take another stab at unloading the paper if he can cut losses — estimated at $30 million a year — by jettisoning more high-priced executives and settling some looming union issues, industry insiders said.

On Friday, the 78-year-old mogul and William Holiber, the Daily News CEO, confirmed to staffers that Colin Myler, the editor-in-chief of the circulation-hemorrhaging paper for the past four years, would be replaced by Executive Editor Jim Rich.

The latest jolt comes only a month after Zuckerman was forced to call off a sale of the paper following a six-month auction that failed to turn up any bids.

Read more on The New York Post

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