Gannett Bid for Tronc Ends on Lack of Financing

Gannett's attempt to acquire Trunk fell through due to financial challenges and a declining newspaper industry. Both companies were initially committed, but financing issues arose when banks withdrew support after reviewing Gannett's financials. This reflects broader industry struggles, with Trunk seeking digital solutions to survive. The future remains uncertain as both companies explore other opportunities.

What was the agreed price per share between Gannett and Trunk before the deal fell through?

• $18.75

• $20.00

• $15.50

• $22.30

Which two banks were initially involved in providing financing for the Gannett-Trunk deal?

• Bank of America and Citibank

• Wells Fargo and HSBC

• Jeffries and SunTrust

• Goldman Sachs and Morgan Stanley

What was a major reason for the banks withdrawing their support for the Gannett-Trunk deal?

• High interest rates

• Gannett's poor financial forecasts

• Regulatory issues

• Trunk's legal problems

What strategy is Trunk hoping to pursue to overcome challenges in the newspaper industry?

• Expanding print circulation

• Monetizing digital content

• Acquiring more print companies

• Reducing workforce

What is a potential challenge for Trunk's strategy in the digital world?

• Lack of digital infrastructure

• Regulatory restrictions on digital content

• High competition in digital content

• Declining interest in digital media