Media Moves

Tribune, McClatchy revive merger talks

November 15, 2019

Posted by Mariam Ahmed

Executives at Tribune and McClatchy are circling one another once again to revive merger talks that had died down nearly a year ago. The news comes from industry analyst Ken Doctor, who cites several unidentified people with knowledge of the discussions.

Doctor said, “While I don’t expect any imminent announcements, both companies’ executives agree that, in this rapidly deteriorating operating environment, a merger that buys time by massively cutting costs is a first order of 2020 business.”

Additionally, both the companies were in a financial flux. Following this, both McClatchy and Tribune entered merger talks last Dec., but they soon died down when Tribune Publishing rejected a fully financed cash-and-stock offer from McClatchy valuing the company at $16.50 a share.

Both companies declined to comment to Doctor on the latest merger chatter.

 

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