Tribune Urged to Reconsider Gannett Offer

Tribune Publishing Co.’s second-largest shareholder wants the board to reconsider Gannett Co.’s $474 million unsolicited takeover, The Wall Street Journal reports. In a strongly worded letter to the Tribune board, Oaktree Capital Management Chairman John Frank said he had little confidence the company’s new management team would find another deal as good as the one now on the table.