Tronc May Be Buying Us Weekly

Talks are happening

According to reports from both Ken Doctor and New York Post’s Claire Atkinson, newspaper publisher Tronc is the latest suitor come to offer a bid for Wenner Media’s Us Weekly, with a sale price that may fall within the $85 million to $95 million mark.

Doctor reports that a deal appears close, while Atkinson warns that Wenner was here before just last month, with a deal for a National Enquirer owner American Media Inc. purchase of Us Weekly unravelling at the last minute, to the apparent relief of Us Weekly’s editorial staff.

If this deal goes through, it would give Wenner a chance to both pay down debt and focus on its other titles, Rolling Stone and Men’s Journal, while Tronc, owner of newspapers that include the Chicago Tribune and LA Times, would expand its entertainment news footprint to the tune of 21+ million digital uniques a month.

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