Tronc’s New York Daily News Editorial Cuts Stir Talk Of More Dealmaking
Tronc, which acquired the New York Daily News last year for $1 plus the assumption of debt, has slashed half of its editorial staff as part of an aggressive new emphasis on digital news delivery.
The company’s stock price has dipped a fraction so far today, to about $16.10, which is within the narrow range where it…
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