Saturday, March 03, 2007

Gannett Move In Fairfield County

Gannett To Buy
2 Tribune Co. Newspapers

By Frank Ahrens
Washington Post Staff Writer
Friday, March 2, 2007

Tribune Co. has agreed to sell its two smallest newspapers, both in Connecticut, to Gannett for more than $65 million, as the media giant edges closer to accepting or rejecting bids for the entire company.

Tribune said in September that it planned to sell $500 million in assets. As part of the sale, Tribune offered the Greenwich Time and Stamford Advocate to two prospective buyers, McLean-based Gannett and MediaNews Group of Denver, according to a source familiar with the sale who spoke on condition of anonymity because the deal has not been announced.

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