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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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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