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Tronc's acquisition of the New York Daily News brings the Chicago company back to New York. The former Tribune Publishing owned the paper until the early 1990s.
After losing a couple of deals, Tronc surprises everyone by buying the New York Daily News, re-creating a top three U.S. metro trifecta, with L.A. and Chicago. What's behind what seems like its blast-from-the-past strategy?
The S&P 500 has returned 10% year to date, while the top half of it, around 16%.