The acquisition gives Tronc a presence in the New York media market, a news site with about 25 million unique monthly visitors and other assets
In this July 29, 2015, file photo, Republican presidential candidate, former Texas Gov. Rick Perry (L), greets New York Daily News publisher Mortimer Zuckerman during a luncheon hosted by the Committee to Unleash Prosperity, at the the Yale Club in New York. Newspaper publisher Tronc has acquired the Daily News, a storied New York tabloid newspaper that won a Pulitzer Prize in 2017, but has been buffeted by the changing media environment, announced Monday, Sept. 4, 2017. (AP Photo/Mary Altaffer, File), photo: AP/Mary Altaffer, File
05 of September 2017 12:29:55
NEW YORK – The owner of two of the country's largest newspapers has purchased the Daily News, a New York tabloid that is famous for generations of hard-punching reporting and irreverent headlines but that has struggled recently to find its place in the digital age.Chicago-based Tronc Inc., the publisher of the Los Angeles Times and the Chicago Tribune, announced the deal Monday night.The purchase gives Tronc and its chairman, Michael Ferro, who spent most of his childhood on Long Island, another big brand name in old-school journalism.The big question will be whether the company can find a way to make the newspaper lucrative again. The Daily News won a Pulitzer Prize this year but has suffered through rounds of layoffs and declining circulation.
The Daily News and ProPublica together won this year's Pulitzer Prize in public service journalism for uncovering how authorities used an obscure law to evict hundreds of people, mostly poor minorities, from their homes. It was the Daily News' 11th Pulitzer Prize, and the fifth during Zuckerman's tenure.But the paper has also contended with the shifts in news consumption and advertising that have affected newspapers in general in the digital age. The newspaper industry has been suffering for years from declining print circulation and advertising revenue, as readership and ad dollars have shifted online. Online ad sales have increased for newspaper companies but not always enough to offset the decline in print revenue.The Daily News also grappled with a muscular hometown tabloid rival, the News Corp.-owned New York Post.Zuckerman eyed selling the Daily News in 2015 but ultimately took it off the market.
Worthless @NYDailyNews, which dopey Mort Zuckerman, is desperately trying to sell, has no buyer! Liabilities are massive!— Donald J. Trump (@realDonaldTrump) 10 de febrero de 2016