Tribune Blasted by Shareholder for Spurning Gannett

USA Today: One of Tribune Publishing’s largest shareholders blasted the Los Angeles Times owner in a publicly released letter Wednesday for rebuffing Gannett’s attempts to acquire the company, saying it supports an acquisition by Gannett. Investment firm Towle, which controls 3.85 percent of Tribune shares, criticized Tribune for staking out an “unreasonable, capital destructive position” and fostering a “hostile environment.”