'Daily News' dispute

Click to follow
The Independent Online
THE much-anticipated purchase of the troubled New York Daily News has been thrown into limbo again by a contract dispute between Mort Zuckerman and the newspaper's typographers.

A US Bankruptcy Court judge had ordered Mr Zuckerman, the tabloid newspaper and its unions to reach a negotiated settlement last Thursday. But they have been unable to resolve their differences.

The judge will rule on the stalemate tomorrow. A dispute between Mr Zuckerman and the Newspaper Guild also must be resolved before his proposed dollars 36.3m purchase can be approved.