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US: Gannett pulls offer for Tronc, publisher of Chicago Tribune

By  |  November 1, 2016

Gannett announced Tuesday it was pulling its offer for Tronc, ending a six-month pursuit of the Chicago-based newspaper company that publishes the Chicago Tribune, Los Angeles Times and nine other major newspapers.

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    The announcement pushed down shares of Tronc premarket while helping Gannett.

    Gannett today confirmed that the company has been engaged in discussions with Tronc regarding a potential transaction and has determined not to pursue an acquisition of Tronc,” Gannett said in a news release issued Tuesday.

    Full Content: Chicago Tribune

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