Tribune Publishing Receives Bids from Three Suitors
Bloomberg reports Donerail Group, McClatchy Co. and AIM Media have submitted bids to acquire the company.
Tribune Publishing Co. (NYSE: TRCO), a Chicago-based media company, is entertaining bids from Donerail Group, McClatchy Co. and AIM Media, reports Bloomberg. Tribune, which recently reverted to its previous moniker from the Tronc brand, owns media businesses in eight markets. Among its titles are its namesake The Chicago Tribune, New York Daily News acquired in September 2017, The Baltimore Sun, Orlando Sentinel, South Florida’s Sun-Sentinel, The Virginian-Pilot, and the Hartford Courant, among others. The company also owns Tribune Content Agency, the Daily Meal and is majority owner of BestReviews.
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