On February 20, 1988, real estate developer Peter Kalikow purchased the New York Post from media mogul Rupert Murdoch for $37.6 million. The acquisition came at a turbulent time for the historic tabloid, which had already changed ownership multiple times in the 1980s.
Kalikow, known for his real estate empire in New York, aimed to stabilize the paper and preserve its identity as a bold, outspoken voice in the city’s media landscape. However, financial struggles plagued his ownership, and by 1993, the paper was forced into bankruptcy. The Post changed hands again before Murdoch regained control in 1993, ensuring its survival under his growing media empire.
Despite its rocky financial history, the New York Post remains one of the most widely read tabloids in the United States, known for its sensational headlines and sharp political coverage.
Fun fact: The New York Post was originally founded by Alexander Hamilton in 1801, making it one of the oldest newspapers in the United States.
Trivia question: What major media company currently owns the New York Post?
Kalikow, known for his real estate empire in New York, aimed to stabilize the paper and preserve its identity as a bold, outspoken voice in the city’s media landscape. However, financial struggles plagued his ownership, and by 1993, the paper was forced into bankruptcy. The Post changed hands again before Murdoch regained control in 1993, ensuring its survival under his growing media empire.
Despite its rocky financial history, the New York Post remains one of the most widely read tabloids in the United States, known for its sensational headlines and sharp political coverage.
Fun fact: The New York Post was originally founded by Alexander Hamilton in 1801, making it one of the oldest newspapers in the United States.
Trivia question: What major media company currently owns the New York Post?
