MEDIA

Millionaire Entrepreneur Invests $3 Million in Post: The New York Post has found a powerful financial backer in a millionaire real estate developer who invested $3 million and was named chairman of the board, the newspaper’s would-be owner said. “He’s totally committed to the New York Post,” Steven Hoffenberg, the paper’s prospective owner-publisher, said of Abe J. Hirschfeld. Hoffenberg called Hirschfeld a close friend who “believes in the Post and in what I’m doing.” He said Hirschfeld would be the only major investor in the 192-year-old tabloid’s battle to come back from the edge of financial oblivion. Hoffenberg, who owns a multimillion-dollar bill collection business, won tentative court approval last week to take over the Post with a guarantee of $6 million to keep it operating.