New private equity firm Donerail bidding for Tronc
Donerail Group, a newly formed investment firm headed by former Starboard Value LP executive Will Wyatt, is in advanced negotiations to buy Chicago-based newspaper company Tronc, sources familiar with the deal said Thursday.
There is no certainty a deal will be struck, and sources said the financing might not be fully in place. But if a sale were to occur, it would mark the second change in control in less than three years for the company that owns the Chicago Tribune and other newspapers.
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