NY Daily News is no longer up for sale

Mortimer Zuckerman, the real estate mogul who owns the Daily News, said Thursday he is no longer considering selling the New York tabloid.

In February, Zuckerman issued a memo to inform staffers that he is entertaining offers from potential investors.

Zuckerman, who has owned the paper for 22 years, wrote to staffers Thursday that he has decided to pull the paper from the market “for a variety of reasons” after meeting with prospective buyers.

“As I have repeatedly expressed, I have always believed that the Daily News, with its powerful influence in New York City and growing digital operation, is a business with enormous potential,” he wrote.

While the Financial Times was sold last month to Nikkei for about $1.3 billion, the market for newspapers remains tepid as advertisers steer their spending away from print media. Cablevision, the cable company headed by James Dolan, offered Zuckerman $1 for the paper, Reuters reported in March.

Zuckerman, who also owns U.S. News & World Report, is executive chairman of Boston Properties, one of the largest office developers in the U.S.