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tronc restructures into traditional and digital publishing units

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tronc, formerly Tribune Publishing, is splitting itself into two separate business units for reporting purposes, the company has announced. Its print publishing arm has been christened "troncM" (for "media") while its digital publishing arm is "troncX" (for "exchange").

The troncM segment includes revenue from print circulation, advertising, and direct mail and expenses related to content, ad sales, distribution and marketing.

The troncX segment includes revenue from digital advertising and digital-only subscriptions, as well as from the Tribune Content Agency, the marketing agency Motiv8 and the real-estate site "For Sale By Owner." Its expenses include dedicated digital staff.

Splitting the business into two reporting segments is a way to separate continuing losses in print circulation and print advertising from the digital side of the business that tronc clearly sees as the future.

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