Gannett

Tronc chairman open to 'different' Tronc-Gannett deal

Tronc chairman open to 'different' Tronc-Gannett deal

Three days after Gannett declared its six-month pursuit of Tronc over, Michael Ferro, Tronc's chairman and largest shareholder, left open the possibility that a different type of deal could still get done.

Friday morning on CNBC, Ferro said "absolutely" when asked whether newspaper chains Gannett and Tronc could ultimately strike a deal.

"If it's in the best interest of our shareholders, yes," Ferro said, but added there were no ongoing discussions between the two companies.

On Tuesday, Gannett pulled its offer to buy Tronc, the Chicago-based newspaper company that publishes the Chicago Tribune, Los Angeles Times and seven other major newspapers,...

31°