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Milwaukee Journal-Sentinel

Newspaper deal falls apart as Gannett gives up on Tronc

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USA Today publisher Gannett walked away Tuesday from its attempted takeover of Tronc, the owner of the Los Angeles Times, Chicago Tribune and other major dailies. Gannett’s target was elusive from the beginning, with a publicly contentious back-and-forth between the two companies. Tronc, formerly known as Tribune Publishing, rejected at least two bids from Gannett since April because it said it preferred to go it alone and focus on tech-driven initiatives involving artificial intelligence and global expansion in entertainment news…

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Gannett Co. acquires Midwest, South newspapers for $280M

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Gannett Co. has reached an agreement to acquire newspaper company Journal Media Group for $280 million, giving the media giant control of publications in more than 100 local markets in the U.S., company officials announced Wednesday evening. Journal Media publications dot the Midwest and South and include the Milwaukee Journal-Sentinel, Memphis (Tennessee) Commercial-Appeal and Knoxville (Tennessee) News Sentinel. Industry experts say the publications are a natural fit for Gannett’s strategy of maximizing short-term profits through managing the decline of publications…

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