Gannett offers to buy rival Tribune Publishing for $815M

Posted online April 25, 2016 | 11:32 am

Gannett Co. Inc. has made an unsolicited bid for rival Tribune Publishing Co. in a deal valued at $815 million.

Gannett, the owner of such newspapers as USA Today and the Springfield News-Leader, first made an offer for Tribune on April 12. However, that bid was refused, according to a statement released today.

Tribune Publishing is the owner of the Los Angeles Times and Chicago Tribune. The offer represents a 63 percent premium to its April 22 closing price.

Read more from Bloomberg.

Animation attraction featuring Disney characters opens in Branson

Comments

No comments on this story |

Please log in to add your comment

Editors' Pick

Open for Business: The Flying Lap

Plaza Shopping Center gained an arcade with the March 1 opening of The Flying Lap LLC; the repurposing of space operated by Burrell Behavioral Health resulted in the March 18 opening of the company’s second autism center; and a group of downtown business owners teamed up to reopen J.O.B. Public House.

Most Read