NY Daily News Sells for $ 1 and Sold For $ 1

The Jewish Voice - - NEW YORK - By: Will Ric­cia­rdella

Tronc,the Los the An­ge­les pub­lisher Times of and Tri-bune,The pur­chased Chicago the New ac­cord-in­gto York a press Daily re­lease News, Mon­day. the “We New are York ex­cited Daily to News wel­come team to for­wardthe Troncto work­ing­fam­ily, and with we them­look to serve new while au­di­ences de­liv­er­ing and mar­keters val-ue Dear­born,for our CEO share­hold­ers,”of Tronc, Justin­said in Tronca state­ment. port­fo­lio, “As the part New of York the Daily an­other News strate­gicwill pro­vide plat­for­mus with­for grow­ing ex­pand­ing our our reach dig­i­tal and busi­ness, broad-en­ing ad­ver­tis-er­sand our mar­keters.”ser­vices for New With York the Daily pur­chase News, of Tronc­the now owns largest­news out­lets me­dia in the coun­try’s mar-kets Los An­ge­les— New York,— in­creas­ing Chicago, theirand at­trac­tive­nessNew York Dai­lyto ad­ver­tis­ers.News, New tab-loid,York once City’s boasted “workinga cir­cu­la­tion­class” of the two 1940s. mil­lion Read­er­ship read­ers hasa day nowin been hun-dredt­hou­sands.re­duced to Re­cent­the low lay­offs to along re­duce with the real news­pa­per’ses­tate movesstaff were pla-teauingim­ple­mented­dig­i­tal growthto off­set and low print Un­like cir­cu­la­tion.The New York Times un-able­and New The to York cap­i­tal­ize Wash­ing­tonDaily New­son de­cid­ed­lyPost,was the anti- Trump dig­i­tal cov­er­age sub­scrip­tion­sto at­trac­tand newad rev­enue. It ap­pealed mostly to made sub­waythe tran­si­tion commuters, to dig­i­tal which me­dia catch-in­g­head­lines— where are pithy om­nipresent­eye- — Although­much more fi­nan­ciald­if­fi­cult. terms wereYork Times­not dis­closed, re­ported that The Tronc New bought news­pa­per the for al­most$ 1 ( yes, cen­tu­ry­one dol- old lar)$ 30 mil­lio­nand the in as­sump­tion­li­a­bil­i­ties. of over 49.9

What per­cent Tronc own­er­shipgets in re­turnof theis New prop­erty York in Daily Jersey News’ City, 25- N. acreJ., where lo­cated. their Tronc print­ing­plans on plant usingis the fa­cil­ity to own, also like print the other pa­pers Hart-fordCourant­they and The Morn­ing to Call saveof Al­len­town,money, ac­cordingin an ef­fort to TheNYT.

Known the for New their York poignant head­lines, Daily News Al­though isn’t no a longer com­plete car­ry­ing fail­ure. the in­flu­encethe pa­per it share­donce had, the in Pulitzer 2017, Prize pub-lic­ser­vice with in ProPublica ex­pos­ing for the New York widespread­City Po­lice abuse De­part­ment’sof evic­tion rules. Mor­timer B.

New York News Zuck­er­man, pre­vi­ous bought Daily the pa­per in 1993 owner,for $ 36 mil­lion.

Tronc, the pub­lisher of the Los An­ge­les Times has bought the NY Daily News

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