New York Daily News sold to publisher Tronc

Updated 2017-09-06 11:00:45 Xinhua

Publisher of two U.S. major newspapers has bought the New York Daily News, a tabloid that won a Pulitzer Prize this year but suffered declining circulation.

Tronc announced late Monday that it had acquired all of the outstanding interests of Daily News, LP., owner of the New York Daily News and NYDailyNews.com.

The New York Daily News, with approximately 25 million unique monthly visitors through NYDailyNews.com, has been New York City's "Hometown Newspaper" since 1919.

It has won 11 Pulitzer Prizes, most recently the prize in the category of public service journalism in 2017.

Chicago-based Tronc, on the other hand, is the publisher of the Los Angeles Times and the Chicago Tribune.

Tronc CEO Justin Dearborn said the paper and its website "will provide us with another strategic platform for growing our digital business, expanding our reach and broadening our services for advertisers and marketers."

Under the terms of the transaction, Tronc assumed operational and pension liabilities of the New York Daily News. The company will meet the obligations from New York Daily News cash flow.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 21 2017 01:55:33

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 21 2017 01:55:33

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 21 2017 01:55:33

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords