Gannett Ends Its Attempt to Buy Chicago Tribune Publisher Tronc | Post Land
  • Gannett Ends Its Attempt to Buy Chicago Tribune Publisher Tronc

    Reporter: Kateb
    Published: Tuesday, November 1, 2016
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    Newspaper company Gannett Co. has dropped its bid to buy Chicago Tribune and Los Angeles Times publisher Tronc Inc., ending a monthslong pursuit of its rival.

    In a one-line statement Tuesday, Gannett said it had been engaged in discussions with Tronc but determined not to pursue the transaction any longer.

    “While we believed that the acquisition would have provided an attractive opportunity to expand the USA Today Network quickly, in the end the terms were not acceptable,” a company spokesperson said in an additional statement.


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