Photographer: Patrick T. Fallon/Bloomberg

Gannett to Forge Ahead With Hostile Takeover Bid for Tribune

Updated on
  • USA Today owner ready to enter discussions on all-cash deal
  • Tribune directors failed to gain majority vote last week

Gannett Co. is forging ahead with its hostile takeover bid for Tribune Publishing Co. after a large number of shareholders refused to back Tribune’s board nominees last week, indicating possible support for a merger.

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