Daily News, storied New York tabloid, sold to Tronc
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.
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 brand name in old-school journalism.
The big question will be whether the company can find a way to make the newspaper lucrative again.