Tuesday, September 13, 2016

Why doesn’t Gannett just drop its Tronc bid?

Scenario: Gannett withdraws bid, Tronc shares plummet, Gannett returns as savior instead of interloper

When officials at Tronc (formerly known as Tribune Publishing) canceled a September roadshow highlighting to investors in a half-dozen cities the bright future of the company just a day after announcing it, speculation began in earnest among Tronc’s close watchers. Was it as mundane as trouble with Air Ferro? Did the company fear underwhelming audiences on the tour? Or did it have something to do with the continuing efforts of Gannett, the country’s largest newspaper chain, to buy the company?

Read more: politico.com

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