Deal Of The Week
25: Tribune's Questionable Case to Fight Off Gannett
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:23:54
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Sinopse
Newspapers might have a future. Surprised? There's more! Two of the last remaining big publishers -- Tribune, owner of the LA Times and Chicago Tribune, and Gannett, publisher of USA Today, are embroiled in merger talks. Here's the intrigue: In February, Tribune sold 5.2 million new shares to its chairman for just $8.50 each. And now, Tribune says Gannett's hostile offer of $12.25 per share ``understates the company's true value.'' Deal of the Week host Alex Sherman and media reporter Gerry Smith discuss Tribune's tactics -- and whether the two sides can ultimately strike a deal.