The New York Daily News bought by publisher Tronc for $1

CBS News ^ | September 5, 2017

[zeugma]

Worth every penny.

I think not. I'm sure the pension liabilities are huge.

[EC Washington]

Tronc and the Chicago Tribune is to the left of Mao and Lenin - The Chicago Tribune is best used to line a kennel floor when trying to house break a puppy. One of The Tribune’s editors is Clarence Page, an anti-veteran, leftist who still writes every column on how great Obama was and will always be.

[Red Badger]

So, nothing’s changed, essentially......................

[x]

Tronc used to be the Chicago Tribune company. Now it owns the Chicago Tribune, the Los Angeles Times, the Orlando Sentinel, South Florida's Sun-Sentinel, The Baltimore Sun, Allentown, Pennsylvania's The Morning Call, the Hartford Courant, and The San Diego Union-Tribune. The valuable TV and radio media assets are now Tribune Media Services, a separate company.

The Chicago Tribune and New York Daily News used to be in the same family, the oft feuding Medill-McCormick-Patterson clan, but the Tribune Company sold the paper to Robert Maxwell in the 80s who sold it to Mort Zuckerman in the 90s. And now it's back in the Tribune group, the McCormicks and Pattersons having left the scene long ago.

Musical chairs.

[Red Badger]

Deck chairs on the Titanic....................

[CdMGuy]

Growing up in NYC, my father purchased the Daily News every day. At that time, it was a conservative newspaper, and the NY Post which was owned by Dorothy Schiff was a very liberal newspaper.

Today, the Daily News is a left wing rag since purchased by Mort Zuckerman, and the NY Post is owned by Fox and leans conservative. My how time changes all things.

[Maine Mariner]

I think your right but it was sold for $1.00 so someone is
buying the assets and liabilities but for what reason?
Someone may need some tax write offs perhaps?

[nd76]

The real purchase price was the amount of debt the buyer agreed to assume, which, according to the article, is estimated at north of $30 million. I’m guessing that all of the paper’s assets are mortgaged or liened to the hilt.