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Gannett Drops Bid For Former Tribune Co.

By Jessica Corso (November 1, 2016, 12:29 PM EDT) -- Media giant Gannett Co. Inc. announced Tuesday morning that it is forgoing its pursuit of Tronc Inc., publisher of the Los Angeles Times and the Chicago Tribune, after months of sometimes heated negotiations ended in a failure to secure financing for a deal once valued at $864 million. ...

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