{"id":11190,"date":"2016-04-25T09:30:38","date_gmt":"2016-04-25T14:30:38","guid":{"rendered":"http:\/\/www.robertfeder.com\/?p=11190"},"modified":"2016-04-25T13:26:23","modified_gmt":"2016-04-25T18:26:23","slug":"tribune-deal-could-affect-gannetts-ties-with-sun-times","status":"publish","type":"post","link":"https:\/\/robertfeder.dailyherald.com\/2016\/04\/25\/tribune-deal-could-affect-gannetts-ties-with-sun-times\/","title":{"rendered":"Gannett deal for Tribune could affect USA Today ties with Sun-Times"},"content":{"rendered":"
\"Chicago<\/a>

<\/a> Chicago Sun-Times<\/p><\/div>\n

Monday\u2019s stop-the-presses news<\/a> that Gannett Co. <\/a>wants to buy Tribune Publishing<\/a> isn\u2019t the first foray of the Virginia-based media giant into the Chicago newspaper market.<\/p>\n

In addition to distributing its flagship USA Today<\/a> on newsstands here, Gannett has a comprehensive editorial partnership<\/a> agreement with the Sun-Times.<\/a><\/p>\n

\"USA<\/a>

USA Today<\/p><\/div>\n

Since March 2015 Gannett has provided at least 10 pages of USA Today-branded editorial content each day in the Sun-Times. The arrangement substantially increased the paper\u2019s coverage of national and international news, business and sports.<\/p>\n

The Gannett deal with Sun-Times parent company Wrapports LLC was negotiated under Michael Ferro, then chairman of Wrapports, and Timothy Knight, former CEO of Wrapports. Since last February, Ferro has been chairman of Tribune Publishing.<\/p>\n

According to Gannett, Ferro and Tribune Publishing CEO Justin Dearborn have refused to begin formal negations so far on Gannett\u2019s offer. Gannett has offered to pay $12.25 per share, which represents a 63 percent premium to Tribune\u2019s closing stock price or a total of about $815 million, for the company, which includes Chicago Tribune, <\/a>the Los Angeles Times and nine other dailies across the country.<\/p>\n

Jim Kirk, editor and publisher of the Sun-Times, declined to comment on how Gannett's acquisition of Tribune Publishing would alter USA Today's deal with the Sun-Times.<\/p>\n","protected":false},"excerpt":{"rendered":"

Monday\u2019s stop-the-presses news that Gannett Co. wants to buy Tribune Publishing isn\u2019t the first foray of the Virginia-based media giant into the Chicago newspaper market. In addition to distributing its flagship USA Today on newsstands here, Gannett has a comprehensive editorial partnership agreement with the Sun-Times. Since March 2015 Gannett has provided at least 10... Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/11190"}],"collection":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/comments?post=11190"}],"version-history":[{"count":12,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/11190\/revisions"}],"predecessor-version":[{"id":11207,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/11190\/revisions\/11207"}],"wp:attachment":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/media?parent=11190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/categories?post=11190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/tags?post=11190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}