Tronc Reports 95 Percent Increase in Digital-Only Subscribers in Q3
Company now has 265,000 digital-only subscribers.
Media company Tronc, formerly Tribune Publishing, (NASDAQ: TRNC) had some big news to report for its third quarter ended September 24, 2017. In addition to acquiring the New York Daily News, Tronc noted digital-only subscribers of 265,000, a 95 percent increase year-over-year, not including additional subscribers from the acquisition. Tronc also reported total revenue of $353.1 million, a 6.6 percent decrease compared to the same period last year. Despite that drop, Tronc had net income of $2.1 million, or $0.06 per share, compared to a net loss of $10.5 million, or $0.29 per share, for the same period last year.
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