YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The publisher of The Los Angeles Times and The Chicago Tribune is adding another paper to its portfolio.
Tronc agreed to buy New York Daily News for just $1. However, it also assumes all of the tabloid's liabilities.
Real estate magnate Mortimer Zuckerman bought the paper in 1993 for $36 million. The paper since has faced layoffs as subscription levels have faltered.
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