Cablevision Systems Corp. CEO Jim Dolan plans to bid $1 for the New York Daily News, according to Reuters.

The Long Island-based cable TV company owns Newsday and once launched its own splashy drive into the Big Apple market, which failed.

News owner & real estate mogul Mort Zuckerman put the loss-plagued tabloid on the market last month. The News lost an estimated $30M last year and is in need for cash for a printing press.

Like the rest of the business, the News has suffered a sharp decline in circulation.

Cablevision's Newsday and News 12 Network operation posted flat revenues of $361M during 2014. The group's operating loss declined 31.6 percent to $211M.