Tribune Publishing said it has named finance chief Terry Jimenez as its new CEO, succeeding Timothy Knight, who will leave the company after a year in the top job.
The move comes just months after hedge fund Alden Global Capital became the largest shareholder of the newspaper publisher and just weeks after the Chicago Tribune announced another round of employee buyouts in its newsroom.
In other Chicago-area business news:
Cook County is delaying plans to build a $240 million facility to replace Provident Hospital in Bronzeville. The project is on hold until the Cook County Health Board names a replacement for Dr. Jay Shannon, who was let go as CEO of the countywide health system in November.
Another factor in the delay: County commissioners want more time to study the effects of a proposed merger of four private hospitals on the South Side, a move that could change the health care delivery landscape significantly in the area around the county’s Provident facility.
And finally, state regulators announced Monday that marijuana retailers sold just under $40 million worth of weed in the first full month of recreational sales in Illinois.
Out-of-state residents accounted for 22% of the sales
Crain’s Headlines is a joint production between WTTW and Crain’s Chicago Business. It airs every Monday through Thursday on the WTTW News program “Chicago Tonight.”