Tribune Says No to Gannett, As Institutional Shareholders Balk

Tribune's rejection of a revised takeover offer from Gannett is just one of the latest developments between the two publishers.
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Tribune's (TPUB) rejection of a revised takeover offer from Gannett (GCI) - Get Report is just one of the latest developments between the two publishers. Ron Orol, Senior Editor with The Deal, says another road block is that institutional shareholders aren't lining up behind it.