Worth every penny.
The companies that went anti-Trump and have been destroyed is growing longer...
They overpaid.
I wonder what the value of the property owned by the News is.
Financial reports show the property values at original purchase price less depreciation if any not current market value. At least that is what I remember from my accounting courses.
Tronc is a public company. Why shareholders would go for this is beyond me
Actually they are paying in excess of $30 million if they are assuming the debts
They had no market. They were the paper for blue-collar, working-class folks in NYC but instead chased after the elites who read the Times.
Like Newsweek, a lefty paper that sold its stockholder value for the opportunity to push worthless lefty values.
Probably bought for the value of its real estate holdings in Jersey City.
What kind of outfit is Tronc?....................
I thought they already owned it. Tronc is Tribune Corporation, which I know had been the owner of the Daily News and WPIX 11 at one point.
Their broadcasting assets are being bought out by Sinclair. I don’t know about their print assets.
It costs more than that to buy it at the newsstand.
Still overvalued