On This Day: February 20, 1988 - Peter Kalikow Purchased the New York Post From Rupert Murdoch for $37.6 Million

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Pete

Pete

Mr. Eighties
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Pete has published a news story:

On This Day: February 20, 1988 - Peter Kalikow Purchased the New York Post From Rupert Murdoch for $37.6 Million.

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...
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