Tronc buys to expand footprint

Tronc, owner of newspapers including the Los Angeles Times, Baltimore Sun and Chicago Tribune, agreed to pay $1 and assume pension sand liabilities for the New York Daily News and NY Daily News. com to expand its digital

business and add coverage of the biggest media market in the US. Chicago-based T ron cass um ed operational and pension liabilities for the New York Daily News in a deal that includes 100 percent ownership of the New York newspaper' s printing facility in New Jersey, T ron cs aid in a statement late Monday. The pension sand liabilities T ron c is accepting under the deal total more than $100 million, according to people familiar with the matter, who asked not to be identified because financial terms are confidential. Acquisition of the almost 100- year-old paper marks the highest-profile media deal for Tronc Chairman Michael Ferro, a former software entrepreneur and investor, since he bought into the company last year through his Mer rick Ventures.