CJ owner’s purchase of L.A. Times, other titles could be sealed today

cj-october-3-2016
Today’s front page.

The announcement of a deal could come as soon as business opens on the fourth quarter of the year, as early as this morning, according to Politico. Given the many twists and turns in this process so far, further delays are certainly possible in any agreement between The Courier-Journal’s parent, Gannett Co., and Tronc, which owns the Los Angeles Times, Chicago Tribune, nine other dailies and 160 weekly and niche publications.

In early trading, Tronc shares rose 5% to $17.72 — near the reported $18-a-share price Gannett is offering. Shares of Gannett fell less than 1% to $11.59.

What happens to the CJ in the increasingly likely event Gannett lands Tronc? Here are some possibilities.

You may post a comment anonymously simply by leaving all the fields blank. But please: no personal attacks.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s