Tronc Takeover Deal by Private Equity ‘Progressing’ Amid Jitters

New York Post: The bid by hedgie Will Wyatt’s Donerail Group to buy Tronc, owner of the Chicago Tribune and the struggling New York Daily News, “is progressing,” but no deal is done yet. Banks are still a little jittery about the long-term prospects for the company and its 10 newspapers.