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BRIEF-Tronc acquires the New York Daily News
September 5, 2017 / 3:21 AM / 3 months ago

BRIEF-Tronc acquires the New York Daily News

Sept 4 (Reuters) - Tronc Inc -

* Tronc acquires the New York Daily News

* Acquired all of outstanding interests of Daily News, LP., owner of New York Daily News and

* Arthur Browne, current editor-in-chief of New York Daily News has also been named as publisher

* Arthur Browne has agreed to stay until end of 2017

* Under terms of transaction, Tronc assumed operational and pension liabilities of New York Daily News

* Transaction includes 100% ownership of New York Daily News’ printing facility in Jersey City, New Jersey

* Tronc Inc - will acquire 49.9% interest in JV with Zuckerman-related entities that will own 25-acre parcel of land on which printing facility is located Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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