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HomeIllinois NewsTribune Publishing To Reject Gannett Offer, Will Share Info, Sources Say

Tribune Publishing To Reject Gannett Offer, Will Share Info, Sources Say

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Tribune Publishing Co has decided to reject Gannett Co Inc's latest $864 million takeover proposal, but will agree to share confidential information with the U.S. newspaper company, people familiar with the matter said on Sunday.

The move offers a path for Gannett, owner of USA Today, and Tribune Publishing, which owns a stable of newspapers including the Los Angeles Times and the Chicago Tribune, to engage in negotiations following a bitter dispute.

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