Bloomberg Has a Tronc-Gannett Update

That has been the sentiment among media watchers in the wake of Ken Doctor’s Sunday evening report for Politico Media that an announcement of Gannett’s acquisition of Tronc was imminent. Today, Bloomberg reporters Alex Sherman and Matthew Monks challenge that timetable:

Gannett Co. and Tronc Inc. have bridged a valuation gap that caused months of friction, but are still hammering out the details of a transaction, people familiar with the situation said.

The parties haven’t reached a final agreement, and an announcement isn’t imminent, said the people, who asked not to be identified because the matter is private.