The Daily News has been acquired by Tronc, the publisher of The Los Angeles Times and The Chicago Tribune. The Daily News is nearly a hundred year old tabloid providing the city with all the dimensions of the news like gossip, sports and city coverage.
This marks the conclusion of an era for The News which mirrored the lives of the New York’s working class. It can also indicate the conclusion of the political effect its owner the real estate magnate Mortimer B. Zuckerman, who often utilized paper’s bold, front-page headline recognized as the wood for elucidation about candidates and politicians regionally and nationally.
Once upon a time the news bragged about A-list columnists including Liz Smith, Jimmy Breslin and Pete Hamill, but now it is gradually diminishing by a struggling tabloid war Rupert Murdoch-controlled New York Post. It is also facing a stiff competition from internet age.
Extensive layoffs have reduced its number of employees. In 1940s the circulation of this paper was 2 million a day and now it has fallen down to low hundred thousand. The Chicago Tribune reported that Tronc bought The News for just $1, plus the presupposition of the liabilities.
However, even if The News exerts less influence as in the past it still has the power to reverberate in the city and beyond. The paper ProPublica shared Pulitzer Prize for public service for a series on NYPD’s ubiquitous ill treatment of expulsion rules.