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Major Shareholder Urges Union-Tribune Owner to Sell Company

The second-largest shareholder of San Diego Union-Tribune owner Tribune Publishing says that passing up a buyout offer from rival publishing company Gannett could “destroy enormous shareholder value.” In a letter sent to Tribune’s board and filed with the U.S. Securities and Exchange Commission, downtown L.A. investment firm Oaktree Capital Management made clear it wants the board to reconsider […]