Tronc Inc. TRNC finally found something it could buy.
On Monday, Sept. 4, the U.S.’s third-largest newspaper chain announced a deal to buy the longtime financially-ailing New York Daily News from investor Mort Zuckerman. It gains control of the paper, its printing facility in Jersey City and takes a 49.9% interest on the 25-acre parcel on which the printing plant sits, with Zuckerman remaining majority ownership of that property. In addition, Tronc assumes the paper’s pension responsibilities, which have been estimated at $30 million.
The no ailing newspaper has a history stretching back nearly 100 years. TheStreet takes a look at some of the key moments from the company’s history.
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