Publishing group Gannett has made an US$815mln takeover bid for the owner of the Los Angeles Times. Gannett, which owns local newspaper publisher Newsquest in the UK, has offered $12.25 (£8.44) per share for Tribune Publishing. The all-cash offer includes taking on about US$390m in debt. Gannett expects to save US$50mln a year from the deal. Gannett also hopes the merger will allow it to expand its USA Today media network to feature new types of news outlet and more local markets.