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Gannett proposes new amount for Tribune

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Gannett Co. sweetened its offer for Tribune Publishing Co. to $15 per share.

The bid follows the rejection of a former offer by Tribune's board of directors.

The latest values Tribune, the owner of the  Los Angeles Times, Chicago Tribune and nine other dailies, at about $479 million. Gannett also is offering to assume $385 million in debt.

Read more from USA Today.

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