This is Breaking News...wonder what the plan is? Media Company, Brokerage, and FSBO site combo...
ForSaleByOwner.com, LLC, a Delaware limited liability company (the "Seller"), an indirectly, wholly-owned subsidiary of tronc, Inc. (the "Company"), completed a disposition of substantially all of its assets used in its business of operating a for-sale-by-owner real estate market place, pursuant to an Asset Purchase Agreement, entered into on March 13, 2018 (the "Purchase Agreement"), among the Seller, ForSaleByOwner.com, LLC, a Michigan limited liability company (the "Buyer"), Tribune Publishing Company, LLC, a wholly-owned subsidiary of the Company ("Tribune") and In-House Realty LLC ("IHR"). The closing purchase price consisted of $2.5 million in cash, subject to a post-closing working capital adjustment, of which $700,000 is being held in escrow as security for specified indemnity obligations.
