Tech-Driven Initiatives: Tribune Publishing and Gannett Target

tech-driven initiatives: Gannett target was elusive from the beginning, with a publicly contentious back-and-forth between the two companies, according to The Toronto Star. Tronc, formerly known as Tribune Publishing, had rejected at least two bids from Gannett since April, saying it preferred to go it alone and focus on tech-driven initiatives involving artificial intelligence and global expansion in entertainment news and video. By Associated Press Tues., Nov. 1, 2016 NEW YORK—USA Today publisher Gannett walked away Tuesday from its attempted takeover of Tronc, the owner of the Los Angeles Times, Chicago Tribune and other major dailies. Tronc stock lost more than 12 per cent Tuesday. But it kept its sales guidance for the year and raised a profit forecast. After the stock market close, Tronc reported third-quarter results showing its revenue declined in both its traditional and digital businesses. (news.financializer.com). As reported in the news.