Tronc in Takeover Talks with Private Equity’s Donerail Group

Reuters: Donerail Group, an investment firm led by former activist hedge fund Starboard Value exec Will Wyatt, is in talks to acquire Tronc, the publisher of Chicago Tribune. If the talks lead to a deal, Tronc would become the latest U.S. newspaper publisher to fall in the hands of a private equity firm or a hedge fund.