Tribune Chief Tells Employees He Wants to Buy Gannett

Politico: Tribune Publishing chairman Michael Ferro hasn’t said much in public since Gannett, the largest newspaper company in the U.S., went public with its hostile takeover bid for his company. But inside the company he’s talking tough. On Tuesday, Ferro told a gathering of some five dozen Los Angeles Times sales staffers he was working on a bid to take over Gannett. “I am going to bid on Gannett,” he told the group. “I have lawyers working on it.”