September 6, 2017

Yesterday Tronc Inc. (NASDAQ: TRNC), formerly The Tribune Company, announced its purchase of Daily News, L.P., the owner of the New York Daily News and its news site NYDailyNews.com. With this purchase, Tronc adds another major media market to its list of well-known newsrooms that includes the Chicago Tribune, the Los Angeles Times, The Baltimore Sun, Orlando Sentinel, Hartford Courant and the San Diego Union-Tribune. As part of the deal, Tronc now also owns 100 percent of the New York Daily News’ printing facility in New Jersey and 49.9 percent interest in a joint venture that will own the 25-acre parcel on which the facility sits and that overlooks the skyline of Manhattan. The sales price was not disclosed.