Tribune Publishing Co (TPUB) owner of the Los Angeles Times and the Chicago Tribune, rejected Gannett Co Inc's (GCI) latest takeover offer of $15 per share, but said on Monday that it would allow Gannett, the publisher of USA Today, access to some confidential corporate information. Tribune's shares closed down 15% on Monday. Recently, I wrote about Gunnett buyout offer and advised shareholders of TPUB to sell their stocks, because print media is a dying business. I was very surprised that TPUB rejected the offer. It looks like the board of directors and executives are primarily concerned about their jobs and perks. Shareholders interests do not bother them. imho, they should be dismissed immediately. And even after 15% plunge I don't think it is a good idea to buy TPUB. It is better to stay away of dying industries.