The parent company of the Chicago Tribune and Los Angeles Times has acquired the New York Daily News from real estate tycoon Mort Zuckerman for reportedly $1 plus assumption of liabilities.
|
|
Justin Dearborn"The New York Daily News will provide us with another strategic platform for growing our digital business, expanding our reach and broadening our services for advertisers and marketers,” said Justin Dearborn, CEO of tronc, Inc., successor company to Chicago's Tribune Co. that founded the News in 1919,
He noted that the addition of New York's "Hometown Paper," which through its website attracts more than 25M unique monthly visitors, gives tronc coverage in the nation's Top Ten markets.
Arthur Browne, editor-in-chief of the News, also has been named publisher to succeed Zuckerman, owner since 1993, through the end of the year. He will report to tronc president Timothy Knight.
The transaction includes 100% ownership of the New York Daily News’ printing facility in Jersey City, New Jersey.
As part of the deal, tronc will acquire a 49.9% interest in a joint venture with Zuckerman-related entities that will own the 25-acre parcel of land in New Jersey on which the printing facility is located.
CBS News Radio will go off the air on May 22, part of the axe-swinging managerial plan put into play by CBS editor-in-chief Bari Weiss... The Economist, which was first published in 1843, is changing hands. Canadian billionaire Stephen Smith has agreed to acquire a 26.9 percent stake in the publication from Lady Lynn Forester de Rothschild, her family and family foundation... Nexstar Media Group says it has closed its acquisition of TEGNA, the broadcast, digital media and marketing services company that was formed in 2015, when the Gannett Company split into two publicly traded companies.
USA TODAY brings on Jamie Stockwell as VP of news, effective March 30. Stockwell was most recently deputy managing editor of news for the Washington Post... YouTube expands its likeness detection capabilities to a pilot group of government officials, journalists and political candidates... The AP Fund for Journalism adds 50 news organizations to its local news program, bringing the total number of participating newsrooms to 100. 
Versant Media Group, the NBCUniversal cable TV spin-off, today reported its first financial results as 2025 revenues dipped 5.3 percent to $6.7B and standalone EBITDA dropped 9.1 percent to $2.2B.
Trump Media & Technology Group is discussing a spin-off of the Truth Social platform following the expected closing of its $6B merger deal with TAE Technologies... Condé Nast sells off Them, the digital LGBTQ-focused platform it launched in 2017, to Equalpride, publisher of Out, The Advocate, Out Traveler, Health PLUS Wellness and Pride.com... CBS News has parted ways with longevity influencer Peter Attia, one of the 19 contributors that editor-in-chief Bari Weiss brought on as part of her plan to present a wider variety of voices on the platform. 
Symbolic.ai forms a partnership with News Corp to begin using the company’s AI-native publisher platform in the newsrooms of News Corp publications to augment research, writing and publishing... Mediaite launches a newsletter that promises to give readers a summary of—media newsletters... The Fund for American Studies launches the Journalism Excellence Fellowship, a program that will provide promising young journalists the opportunity to work alongside top writers, reporters, and media professionals.
