Latest in mortimer b. zuckerman

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…

UPDATE Saturday AM with more information, below: Billionaire real-estate man Mortimer B. Zuckerman told the already demoralized, thinned-out staff of the New York Daily News on Thursday that the wheezing tabloid, currently bleeding as much as $20 million a year, is up for sale. The response inside the paper’s West…