Tribune Co. Rejects Gannett's Second Try At L.A. Times Takeover by Jeremy Gerard

For the second time, Los Angeles Times owner Tribune Publishing Company has rejected Gannett Company's $15 per share takeover bid. The door isn’t closed, however. Tribune, which also owns the Chicago Tribune and the Baltimore Sun, said Monday that it was open to further discussion. In a statement, Tribune CEO Justin Dearborn called Gannett’s $864 million bid “inadequate,” adding that, "we rema…

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