Tronc stocks take a hit despite finally being debt-free

The company, which is still said to be on the brink of changing its name back to Tribune Publishing, had long-term debt of $327 million before Dr. Patrick Soon-Shiong’s Nant Capital finally paid the $500 million to buy the Los Angeles Times and San Diego Union Tribune on Monday.
— Read on nypost.com/2018/06/21/tronc-stocks-take-a-hit-despite-finally-being-debt-free/