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No one wants to buy KTZ newspaper

The Carithian newspaper KTZ that was forced to look for other investors when it's owner failed to settle the paper's debts has received no offers from people willing to take it over.

The Austrian newspaper is on the verge of bankruptcy and put out a call for investors at the end February, with a minimum purchase price of 10,000 Euros for the website domain and the brand.

Bankruptcy administrator Gerhard Brandl however admitted on Tuesday that there had been no takers. "I have not a single offer and get," he said.

It's previous owner, socialite Dietmar Wasserman, failed to provide money for the paper's debts and left staff without pay since December.

Accused of hiding 3.8 million Euros from German tax authorities, Wassermann hasn't been seen since he failed to turn up to a pre-trial detention in Munich in early February.

The paper's 70 year archive was packed up and taken away on trucks and it's financial position described as "very precarious" a few weeks ago, although the Editor in Chief had then been optimistic about finding a new investor.

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