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Report: Apollo Global Management eyes Tronc

Photo by Drew Angerer/Getty Images

Private equity firm Apollo Global Management has interest in buying newspaper conglomerate Tronc, according to The New York Post. Axios has since confirmed the interest.

Bottom line: Apollo has a reputation for buying distressed assets, but private equity firms have generally shied away from buying consumer-facing print media. Particularly ones that don't own most of their real estate.