Friday, May 25, 2007

Tribune ends agreement with Gannett related to newspaper sale

(Reuters) - The agreement was terminated following an arbitrator's ruling last month that Tribune could not sell the company unless the buyer assumed the existing union contract as a condition of the sale, which Gannett declined to do, Tribune said in a statement.



The publisher of Los Angeles Times and Chicago Tribune also said it would immediately begin the process of soliciting offers for the newspapers.


Read more at Reuters.com Mergers News

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