ENTERTAINMENT & MEDIA

New York Post Buyer OKd: U.S. Bankruptcy Judge Burton Lifland approved the sale of the New York Post newspaper to Steven Hoffenberg, although the buyer and his company have been accused of securities fraud. Lifland rejected a last-minute bid from W. T. W. Oil Co. of Irving, Tex., and called the Hoffenberg offer “the only game in town.” A Securities and Exchange Commission lawsuit accuses Hoffenberg and his Towers Financial Corp. of fraud, and the SEC may object to any of the company’s money being spent on the daily tabloid.