The Daily News began in 1919. In 2017, it was sold to Tronc. It no longer has a newsroom, but still offers readers a variety of content, from celebrity gossip to opinion sections. Here’s a brief history of the paper. It was founded in 1919, but now no longer has a newsroom.
The Daily News was founded in 1919
The Daily News began publishing on the internet in 1996, and in 1999, they went completely paperless. From the 1930s through the 1990s, the newspaper was headquartered in a landmark skyscraper at 220 East 42nd Street near Second Avenue. The paper later moved to a smaller building at 33rd Street, but still maintains its famous globe and weather instruments on its top floor. In 1997, the newspaper also began publishing articles online, partnering with Newsday, owned by the Chicago Tribune.
Although it had a low initial circulation, the Daily News quickly began to gain prominence in New York City. The newspaper also established New York’s fifth television station, WPIX.
It was sold to Tronc in 2017
Tronc, which was formerly known as the Tribune Co., is a media conglomerate with other newspapers in several states. It bought the Daily News, which has 25 million unique monthly readers, and other assets. It also assumed some of the paper’s operational liabilities. Tronc also purchased the Daily News’s Jersey City printing plant, which it will use to meet its financial obligations. The newspaper’s publisher, Arthur Browne, will remain editor-in-chief, though he plans to retire from his position at the end of the year.
Tronc has a history of pursuing deals with media companies, and has attempted to buy the Orange County Register, which Gannett bought in March 2016. Tronc raised its bid several times, but Gannett walked away from the deal in November. Last May, Tronc also sought to buy the Chicago Sun-Times. However, the deal fell through due to antitrust concerns. In the following month, Tronc failed to get the deal approved by the Justice Department. It also tried to buy USA TODAY, as well as 109 local newspaper properties, but fell through due to the lack of financial sense.
It no longer has a newsroom
The Daily News has announced it is shuttering its newsroom and has given its employees just weeks to start packing up their personal belongings. The newsroom at 4 New York Plaza has been slated to close as of Oct. 30, resulting in the loss of about 40 jobs. Tronc, the owner of the Daily News, has said that it will examine its real estate holdings before making any more decisions regarding the future of the newspaper.
The paper was founded in 1834 and has been in financial trouble for decades. In 1993, former publisher Mort Zuckerman purchased the paper, and in 1997, he sold it to Tribune Publishing, which was formerly known as Tronc. The paper hasn’t had a newsroom since. Since then, it has largely focused on its website.
It includes celebrity gossip, classified ads, and opinion section
If you’re a fan of Hollywood gossip and celebrity news, you’ll love the Daily News. The paper’s content includes major photographs, celebrity gossip, and sports coverage. It also features opinion and comics. In addition, you can get the latest news on your favorite TV show, movie, and more.
It was sold to Alden Global Capital
A New York hedge fund has proposed buying the Daily News and several other newspapers from Lee Enterprise Inc. Alden is one of the largest owners of newspapers in the United States. It is well-known for cutting costs and staff and recently acquired Tribune Publishing. The Daily News’ sale is the latest chapter in Alden’s history of buying newspapers.
Since buying the first newspaper from Alden Global Capital a decade ago, it has been cutting staff and cutting circulation at a rapid pace. Newspapers owned by Alden have also sold real estate assets and gotten rid of a significant percentage of their editorial staff. Some former executives described a harsh process for cutting back on staff, including forcing them to stop producing investigative features.