CHICAGO — Less than two months after selling the Los Angeles Times, Tronc is weighing an offer to sell the Chicago Tribune and the rest of its newspaper holdings to a private equity firm, sources close to the company said Wednesday.
A bid of between $19 and $20 per share is on the table, according to sources. That represents about a one-third premium to the stock’s $14.77 per share closing price Tuesday, and a total offer that could be upward of $700 million for the entire company.
