Here’s What Gannett Would Do With Tribune’s Major Newspapers

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Michael Ferro, the primary shareholder of Tribune Publishing, on Tuesday told the Tribune-owned Los Angeles Times that Gannett is “trying to steal the company” with its $815 million bid for the publisher of the Chicago Tribune, The Baltimore Sun and nine other major daily newspapers.

But Gannett CEO Robert Dickey says his company’s offer is a generous one that values Tribune Publishing at a 63 percent premium over Friday’s closing share price. And he’s eager to start negotiations in earnest.

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