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Gannett sticks with its bid for Tribune Publishing

Gannett sticks with its bid for Tribune Publishing

Gannett is keeping its $15-per-share offer for Tribune Publishing on the table into August, the company said Tuesday.

In a news release, Gannett said the offer would remain open while it evaluates "various near-term developments," including Tribune Publishing's second-quarter financial results, which are expected to be reported in August.

The announcement followed the release of voting results Monday that showed more than 40% of Tribune Publishing shareholders withheld support for each of the directors up for election at the company's...

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