Tribune Rejects Gannet's Latest Bid

The transcript discusses Tribune's recent sale of shares to Patrick Soon-Shiong, a move that dilutes Oak Tree's stake. Tribune seems to be signaling reluctance to make a deal, prompting questions about shareholder actions. Gannett is considering expansion but faces challenges with Tribune's mixed messages on valuation. The discussion highlights the complexities of potential bids and the strategic positioning of both companies.

What recent development occurred regarding Tribune's shares?

What does the recent sale of shares to Patrick Soon Shiong indicate about Tribune's intentions?

What are the potential actions Tribune shareholders might take to influence a deal?

How does the value of shares sold to Patrick Soon Shiong compare to Gannett's bid?

What reasons might Tribune shareholders have to feel angry about the company's actions?