Romenesko

Chicago Tribune
Michael Oneal says if Gannett were to take over Tribune, its CareerBuilder stake would give Gannett 85% ownership of the asset, which would allow it to carry CareerBuilder on its income statement instead of treating it as an unconsolidated minority position. "But a Gannett bid would also amount to betting big on newspapers, and bidders all along have said that the falloff in newspaper industry performance has made it difficult to predict what papers like the Los Angeles Times and the Chicago Tribune are really worth."