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Tronc acquiring the New York Daily News

September 5, 2017

Via: CNN
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Mort Zuckerman has agreed to sell the New York Daily News to Tronc, the newspaper publisher previously known as Tribune.

Tronc will combine the scrappy New York tabloid with its nine other daily newspapers that are based in cities like Chicago and Los Angeles.

The deal was announced shortly after The New York Times broke the news of the impending sale on Monday night.

In a sign of the perilous times for newspaper publishers, no cash is changing hands. Zuckerman is essentially giving the Daily News to Tronc, and in exchange, Tronc is assuming all of the paper’s liabilities.

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