Tribune Publishing to Get Higher Bid, Analysts Predict

Chicago Tribune: Tribune Publishing and its chairman, Michael Ferro, are ready to turn the page after rejecting Gannett’s $815 million offer to buy the newspaper publisher. But some analysts and shareholders are far from sold. “There’s no price,” Ferro said. “We’re not for sale. We’ll always listen to everybody but we’re not for sale.” However, analysts say there’s growing shareholder pressure for the company to engage in negotiations with Gannett and predict a higher offer — perhaps as much as $18 a share — could materialize.