Gannett Abandons Effort to Buy the Newspaper Publisher TroncBy
CreditEmily Berl for The New York Times
For a deal that took six months of battling back and forth, the message of its collapse was cursory.
In a brief telephone conversation early Tuesday morning, Robert J. Dickey, the chief executive of the Gannett Company, told his counterpart at the company formerly known as Tribune Publishing that Gannett, the nation’s largest chain of newspapers, was dropping its $680 million-plus takeover bid — weeks after a price had been agreed upon…
Leave a Reply
You must be logged in to post a comment.