Insights, tools and research to advance journalism

Tribune Publishing says it will ‘thoroughly review’ Gannett’s revised offer

Politico Media

You might have heard: Gannett increased its offer to buy Tribune Publishing to $15/share, putting the total value of Tribune at $864 million (USA Today)

But did you know: After Gannett upped its acquisition offer, Tribune Publishing say it will “thoroughly review” the revised offer. Gannett’s new offer of $15/share is a 99 percent premium over Tribune’s share price of $7.52 on April 22. Tribune rejected Gannett’s previous offer of $12.25/share, saying that it undervalued the company despite the fact it was 60 percent higher than Tribune’s current stock price. Gannett board chairman John Jeffry Louis says: “By increasing our offer at this time, we are reaffirming Gannett’s belief that this transaction would deliver significant value to both companies’ stakeholders and that the time to act is now.”

Read More

Need to Know newsletter

The smart way to start your day

Each morning we scour the web for fresh useful insights in our Need to Know newsletter. Sign up below.

The American Press Institute

Our mission

We help transform news organizations for an audience-centered future.

Our programs for publishers focus on four things:

  • 1. Understand your audience
  • 2. Get your audience to pay
  • 3. Transform your culture
  • 4. Do your best journalism
  • Find out more about API »

API solutions for publishers

What we can do for you

API offers a suite of original tools and services for solving the biggest challenges in news:

  • Decide what beats to cover and how
  • Identify and develop the skills you need
  • Assess and improve your culture
  • Drive more reader revenue
  • Drive loyalty through accountability journalism
  • Make analytics work for you
  • Contact us to find out how »