Brooke Sutherland, Columnist

Gannett Wants to Outconsolidate Tribune

Yes, the newspaper industry is struggling. So maybe mergers are the best survival strategy.

April 25, 2016 at 4:00 PM UTC

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

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Tribune Publishing can't have its newspapers and eat them too.

Gannett Co. on Monday disclosed an $815 million1461593650619 takeover offer for the publisher of the Los Angeles Times, Chicago Tribune, and other venerable metro dailies, saying it wanted to bring the matter to shareholders' attention after Tribune had stonewalled previous advances.