An Denver Post employee holds up a sign during a rally against the paper's ownership group, Alden Global Capital, on May 8 outside the paper's office. A series of layoffs have slashed the paper's newsroom staff.
A pair of lawsuits against Fox News had been inspired by the events leading up to a discredited story over the killing of a young Democratic Party aide. The story had to be retracted.
Tronc cited financial pressures in gutting the New York Daily News, a major force in local coverage. It has won Pulitzer Prizes and been a thorn in President Trump's side.
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