Gannett Bids for Tribune Publishing

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Gannett Co. said this morning that it had offered $815 million for Tribune Publishing Co., parent of the Los Angeles Times and Chicago Tribune. The deal, at $12.25 a share, is at a 63 percent premium to Tribune’s Friday close and includes the assumption of $390 million in debt, USA Today reports. Gannett is the owner of USA Today and more than 100 other media properties.

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