Tronc shares crash 28% on Gannett deal fears

Why does Gannett want to buy Tribune Publishing?

The long-rumored marriage of USA Today owner Gannett and LA Times publisher Tronc is suddenly in doubt.

Shares of Tronc (TRNC) plummeted 28% on Thursday following a report that banks have pulled financing for the company’s potential takeover by rival Gannett (GCI).

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