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Gannett Abandons Effort to Buy the Newspaper Publisher Tronc | Tony Seruga
Nov
01

Gannett Abandons Effort to Buy the Newspaper Publisher Tronc

By

The former Tribune Publishing Company, now known as Tronc, is the owner of The Los Angeles Times and The Chicago Tribune. 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…

Gannett Abandons Effort to Buy the Newspaper Publisher Tronc

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