New York Daily News Suitor Sees a ‘Virtual Newspaper’

New York Times: Final bids for the Daily News are due this week, though this is less a bidding war than a matter of how much liability a potential buyer is willing to assume. The three likely bidders: John A. Catsimatidis, the supermarket magnate; Jimmy Finkelstein, a New York entrepreneur; and Jon Peters, a hair stylist-turned-Hollywood-mogul. None have ever run a daily newspaper. Discussing the future of the Daily News, Catsimatidis conjured images of what he described as a “virtual newspaper.” “You press a button and you get a virtual two-page image in front of you, the complete paper with the advertising.”