EX-99.2
3
a20188-kcaliforniasalepres.htm
EXHIBIT 99.2
Exhibit
EXHIBIT 99.2
***MEDIA STATEMENT***
tronc, Inc. Announces Closing of the Los Angeles Times and The San Diego Union-Tribune Sale
CHICAGO, June 18, 2018 (GLOBE NEWSWIRE) -- tronc, Inc. (NASDAQ:TRNC) today announced that it has closed the sale of the Los Angeles Times, The San Diego Union-Tribune and other various California properties to Nant Capital, LLC.
"We are very pleased to close this transaction, which greatly strengthens our balance sheet and significantly lowers our pension liabilities", said Justin Dearborn, Chairman and CEO of tronc. "We are now positioned to further reinvest in our business and enhance our capabilities to continue to deliver world-class journalism. We are confident that high quality journalism will continue with the changeover to local leadership of the Los Angeles Times and The San Diego Union-Tribune".
Contacts:
Media Relations:
tronc
Marisa Kollias
312.222.3308
mkollias@tronc.com
Investor Relations:
tronc
Aaron Miles
312.222.4345
amiles@tronc.com

EX - 99 . 2 3 a20188 - kcaliforniasalepres . htm EXHIBIT 99 . 2 Exhibit EXHIBIT 99 . 2 *** MEDIA STATEMENT *** tronc , Inc . Announces Closing of the Los Angeles Times and The San Diego Union - Tribune Sale CHICAGO , June 18 , 2018 ( GLOBE NEWSWIRE ) -- tronc , Inc . ( NASDAQ : TRNC ) today announced that it has closed the sale of the Los Angeles Times , The San Diego Union - Tribune and other various California properties to Nant Capital , LLC . " We are very pleased to close this transaction , which greatly strengthens our balance sheet and significantly lowers our pension liabilities " , said Justin Dearborn , Chairman and CEO of tronc . " We are now positioned to further reinvest in our business and enhance our capabilities to continue to deliver world - class journalism . We are confident that high quality journalism will continue with the changeover to local leadership of the Los Angeles Times and The San Diego Union - Tribune " . Contacts : Media Relations : tronc Marisa Kollias 312 . 222 . 3308 mkollias@tronc.com Investor Relations : tronc Aaron Miles 312 . 222 . 4345 amiles@tronc.com