Tronc has bought The Virginian-Pilot Media Companies, including TheVirginian-Pilot, PilotOnline.com, and Pilot Targeted Media, from Landmark Media Enterprises, tronc announced May 29. The cash purchase price was $34 million.
The Virginian-Pilot is the largest daily paper in Virginia.
As part of the transaction, tronc also acquired The Virginian-Pilot’s real estate portfolio (approximately 460,000 square feet), including its headquarters in downtown Norfolk, its printing and distribution facilities in Virginia Beach and a number of satellite offices in Norfolk and North Carolina.
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