OTHER NEWS - July 27, 1992
From Times Staff and Wire Reports
N.Y. Post Publisher May Bid on Daily News: Developer and Publisher Peter Kalikow is near a deal with Wall Street investor Leon Black that would pull Kalikow out of bankruptcy and give him financing to bid for New York’s Daily News, according to a weekly business newspaper. Black, former head of mergers and acquisitions at Drexel Burnham Lambert Inc., will provide $50 million to Kalikow, Crain’s New York Business reported. Kalikow would use the funds to pay off creditors and shore up the New York Post, which he publishes, Crain’s said. Kalikow would not confirm negotiations with Black but told Crain’s he was in talks with potential investors.
