The New York Daily News is a well-known paper in the city, but their circulation has significantly declined since its heyday in the 40s and 50s. According to the Huffington Post, back then the paper would sell about a million copies a day, and now it's at around 200,000.
But you'd still think that's worth something, right? Yes. It's worth $1.
The Chicago Tribune reports that the paper has been sold to Tronc, formerly known as Tribune Publishing, for just a single American dollar. The New York Daily News reported the same exact thing on their own front page:
Reactions to the sale from people analyzing media are mixed. The New York Times says "the deal represents the end of an era for The News, which was long a voice for New York’s working class," and mourns the end of a voice for the city.
Probably most people outside of New York don't realize the familiarity the residents have with the paper which has been around for the better half of a century, so that is a sad thing, though there's no saying Tronc will close or end the paper entirely.
It is also a scary evaluation of a paper's worth and yet another sign that the end of print media may be coming.
But here's one thing most media people are saying: What is up Tronc's name?
The end of an era, and the beginning of the word "Tronc" ringing from every hillside.