Saturday, December 16, 2006

GCI said still in Tribune 'hunt'

The Chicago Tribune reports that GCI, "the only newspaper industry rival to have so far put in a preliminary bid for the assets of Tribune Co., remained in the hunt on Friday."

The newspaper, citing "sources close to the matter" that it did not identify, said GCI representatives visited Chicago for a second round of due-diligence presentations by Tribune executives. "It specifically sought information on the Los Angeles Times and Newsday, Tribune's paper in New York, these sources said,'' according to the Tribune report.

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