Gannett Is Leaning Toward Dropping Bid to Acquire Tribune

  • Tribune holders re-elect board members in blow to Gannett
  • Gannett said open to buying LA Times owner in the future

Gannett Said Open to Buying Tribune Publishing in Future

Gannett Co. is leaning toward dropping its bid to acquire Tribune Publishing Co. based on expectations that Tribune shareholders would vote Thursday to support a management-proposed slate of directors, according to a person familiar with the matter.

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