
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, March 6, 1991                   TAG: 9103060116
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE: NEW YORK                                LENGTH: Short

BRITISH PUBLISHER TO BUY DAILY NEWS

British media mogul Robert Maxwell signed a letter of intent Tuesday to buy the Daily News and announced he will meet with its striking unions this week. Terms were not announced.

Maxwell's move came one day after the paper announced it would close March 15 unless a binding agreement was reached with a buyer - and more than four months into a violent, bitter strike.

The News' statement said it would not negotiate with any other potential buyers while Maxwell was involved.

Maxwell was to leave Great Britain on Tuesday and begin the talks Thursday morning in Manhattan, said George McDonald, president of the Allied Printing Trades Council, the striking unions' umbrella group. - Associated Press

by CNB