Tribune Publishing Chairman Michael Ferro Says Gannett is ‘Trying to Steal the Company’

Tribune Publishing Chairman Michael Ferro on Tuesday criticized Gannett Corp. for “trying to steal the company” by pressing for board acceptance of its $400-million takeover bid before the board has a chance to review Ferro’s strategic plan for Tribune and before a June 2 shareholders’ meeting.

“I believe 100% in my heart that this is completely a manipulation, that they’re trying to steal the company, bum-rush us,” he said in an interview. “It is ungentlemanly, it is not what we do in this industry. It is not the way we do business.”

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