Get The Times of Israel's Daily Edition by email and never miss our top stories Free Sign Up 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 also grappled with a muscular hometown tabloid rival, the News Corp.-owned New York Post.
Body build Average, Eye color Hazel & Hair color Grey.
NEW YORK (AP) — 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.
Total newspaper revenue fell 11 percent from 2012 to 2016 as average daily print circulation slipped 13 percent, according to a June report by the consulting and audit firm Pw C.
It added that while newspapers’ online advertising revenue has been increasing, other entities have captured much of the growth in digital ad dollars.
Tronc CEO Justin Dearborn said acquiring the paper and its popular website would “provide us with another strategic platform for growing our digital business, expanding our reach and broadening our services for advertisers and marketers,” and both Tronc and Daily News executives said the company would maintain the quality of the paper’s journalism.