07.09.2017
However, the deal is somewhat a gamble, as Tronc have assumed the company's operational and pension liabilities, estimated at around $30mn, in the hope of turning the Daily News around under its portfolio. Although the exact the financial details have yet to be made public, Tronc was able to buy the newspaper for less than the cost of one copy of its Sunday edition, which is priced at $1.50 at newsstands.