June 3, 2023

Publisher Tronc continues newspaper buying spree with purchase of New York Daily News

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Reuters From Business Insider (Reuters) – Newspaper company Tronc Inc, which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman. Financial terms of the deal were not disclosed, but a source familiar with the deal said Troncwould assume roughly $30 million of liabilities. […]