Monday, April 25, 2016
Gannett Makes Bid To Acquire Tribune Publishing
In yet another blow to print media, Gannett is making a bid to acquire the Tribune Publishing Company, which owns the Chicago Tribune, Los Angeles Times, Orlando Sentinel, South Florida Sun-Sentinel, Baltimore Sun and San Diego Union-Tribune. Gannett is offering $12.25 per share, a 63% premium over the company's closing stock price Friday. This continues the troubling centralization of American media under the control of a handful of corporate media giants with close ties to the military/industrial complex.