Gannett Co., Inc. Terminates Discussions to Acquire tronc, Inc.
November 01 2016 - 7:30AM
Business Wire
Gannett Co., Inc. (NYSE:GCI) (“Gannett” or the “Company”) today
confirmed that the Company has been engaged in discussions with
tronc, Inc. (NASDAQ:TRNC) (“tronc”) regarding a potential
transaction and has determined not to pursue an acquisition of
tronc.
ABOUT GANNETT
Gannett Co., Inc. (NYSE:GCI) is a next-generation media company
committed to strengthening communities across the nation. Through
trusted, compelling content and unmatched local-to-national reach,
the company touches the lives of more than 100 million people
monthly. With more than 120 markets internationally, it is known
for Pulitzer Prize-winning newsrooms, powerhouse brands such as USA
TODAY and specialized media properties. To connect with us, visit
www.gannett.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements
regarding business strategies, market potential, future financial
performance and other matters. Forward-looking statements include
all statements that are not historical facts. The words “believe,”
“expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,”
“seek,” “anticipate,” “project” and similar expressions, among
others, generally identify forward-looking statements, which speak
only as of the date the statements were made and are not guarantees
of future performance. Where, in any forward-looking statement, an
expectation or belief as to future results or events is expressed,
such expectation or belief is based on the current plans and
expectations of our management and expressed in good faith and
believed to have a reasonable basis, but there can be no assurance
that the expectation or belief will result or be achieved or
accomplished. Whether or not any such forward-looking statements
are in fact achieved will depend on future events, some of which
are beyond our control.
The matters discussed in these forward-looking statements are
subject to a number of risks, trends, uncertainties and other
factors that could cause actual results to differ materially from
those projected, anticipated or implied in the forward-looking
statements. These factors include, among other things, competitive
pressures in the markets in which we operate and conditions
affecting the newspaper publishing business. A further description
of these and other important risks, trends, uncertainties and other
factors is provided in the company’s filings with the U.S.
Securities and Exchange Commission, including the company’s annual
report on Form 10-K for fiscal year 2015 and subsequent quarterly
reports on Form 10-Q. Any forward-looking statements should be
evaluated in light of these important risk factors. The company is
not responsible for updating or revising any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20161101005837/en/
MEDIA INQUIRIES:Gannett Co., Inc.Amber Allman,
703-854-5358Vice President, Corporate
Communicationsaallman@gannett.comorJoele Frank, Wilkinson Brimmer
KatcherJoele Frank / Ed Trissel / Nick
Lamplough212-355-4449orINVESTOR INQUIRIES:Gannett Co.,
Inc.Michael Dickerson, 703-854-6185Vice President, Investor
Relationsmdickerson@gannett.com
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