‘We get nothing’: No pension for Daily News journos

Written By kom nampuldu on Jumat, 03 April 2015 | 18.18

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.


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