USA Today publisher Gannett makes unsolicited bid for Tribune

April 25, 2016 2:57 PM

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USA Today publisher Gannett makes unsolicited bid for Tribune

Gannett Co Inc, publisher of USA Today, said it offered to buy Tribune Publishing Co in a deal valued at about $815 million, including debt, but the owner of the Los Angeles Times and Chicago Tribune refused to begin "constructive" talks.

"We therefore are prepared to consider all alternatives to complete this transaction," Gannett Chief Executive Robert Dickey said in a letter to Tribune Publishing's board on Monday.

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