Gannett Urges Tribune Stockholders To WITHHOLD Votes At June 2 AGM - Quick Facts

(RTTNews) - Gannett Co., Inc. (GCI), which has offered to acquire Tribune Publishing Co. (TPUB), on Tuesday urged Tribune stockholders to "WITHHOLD" votes in connection with the Tribune 2016 Annual Meeting of Stockholders to be held June 2.

Gannett encouraged Tribune stockholders to send a clear message to the Tribune Board to engage constructively with Gannett regarding its $15.00 per share all-cash premium offer to acquire Tribune.

Gannett said it will review whether to proceed with its acquisition offer taking into account the results of the "WITHHOLD" vote and the latest Tribune actions, including its response to Gannett's offer.

Gannett's revised offer represents a premium of 99% to the $7.52 closing price of Tribune's common stock on April 22, the last trading day before Gannett publicly announced its initial offer for Tribune. The $15.00 per share offer also represents a 76% premium to the $8.50 share price at which Tribune recently issued common stock to an entity controlled Michael Ferro.