Thursday, November 19, 2009

Zuckerman and Dunn show faith in print

Mortimer Zuckerman, owner of New York Daily News, has shown his faith in newsprint by spending more than $150m (£90m) to instal advanced high-speed presses that will enable full colour on every page.

Zuckerman signed the deal for the equipment almost two years ago, before the drop in advertising turned into a free fall, and before the weekday circulation of the Daily News fell to less than 550,000 from more than 700,000.

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