Deal of the Week: Tribune's Questionable Case to Fight Off Gannettby and
Newspapers might have a future. Surprised? There's more!
Two of the last big publishers -- Tribune, owner of the LA Times and Chicago Tribune, and Gannett, publisher of USA Today, are embroiled in merger talks. Here's the intrigue: In February, Tribune sold 5.2 million new shares to its chairman for just $8.50 each. Now, Tribune says Gannett's hostile offer of $12.25 per share understates the company's value.
Host Alex Sherman and media reporter Gerry Smith discuss Tribune's tactics -- and whether the two sides can ultimately strike a deal.