ENTERTAINMENT & NEWS MEDIA

N.Y. Daily News Hires Salomon Bros.: The Daily News of New York has retained the Salomon Bros. investment banking firm to help it reorganize under Chapter 11 bankruptcy protection and has enough cash to maintain operations for now, the tabloid said. The News had $8.9 million in cash as of Jan. 5 and adequate cash flow to publish through March 1, officials said. The News was owned by publishing magnate Robert Maxwell, whose empire began to fall apart after his sudden death off his yacht near the Canary Islands early last November. The paper filed for bankruptcy protection Dec. 5.