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The Daily News may not turn a profit this year, according to owner Mort Zuckerman, who told a British Parliamentary group studying the media in September that the news business is "a glorious way to lose money." In fact, in minutes from Zuckerman's meeting with the group obtained by Portfolio's Jeff Bercovici, Zuckerman paints a less than rosy picture of how the News is doing. Circulation figures and ad dollars are down, an advertising office in Detroit has been closed and so have all twelve of U.S. News & World Report's foreign bureaus. The New York Post is a "non-economic competitor," according to Zuckerman, meaning that the Post can afford to undercut the rival News by spreading out any losses around NewsCorp properties, something the smaller News can't do. In fact, Zuckerman's comments to the committee have a distinct smoke signals feel; could he be making overtures to potential buyers out there? Given who pointed out the Portfolio item to us&mdash Mort Zuckerman himself—we're going to go with 'probs.'