Gannett offers $815 million for Tribune Publishing

Gannett Co., which owns USA today and more than 100 other media properties nationwide offered to buy Tribune Publishing for about $815 million, its second big expansion move since breaking off from its former parent less than a year ago Tribune shares shot up 58% to $11.84 in early trading Monday If Gannett completes the deal, it would strategically expand the network by owning leading newspapers in major metro areas Such as the LA Times, the Baltimore Sun, Hartford Courant, Chicago Tribune, and the Orlando Sentinel