Shareholders of Tribune Publishing, one of the country’s largest newspaper chains, approved a $630 million takeover bid by hedge fund Alden Global Capital on Friday, the company said in a brief statement.
The clock is nearing midnight for the Chicago Tribune and efforts to prevent a takeover from controversial hedge fund Alden Global Capital. WTTW News has learned there are still active talks behind the scenes to come up with a bid that could derail Alden’s plan.
Two more investors have stepped forward in a last-ditch effort to prevent hedge fund Alden Global Capital from taking control of Tribune Publishing, which owns the Chicago Tribune and eight other newspapers. We discuss the latest developments.
Two Chicago Tribune investigative reporters are speaking publicly about their fears for the company amid staff cuts and uncertainty over the hedge fund Alden Global Capital, now the largest shareholder of Tribune Publishing.
An explosive Chicago Tribune investigation reveals sexual abuse of students and failures to respond at Chicago Public Schools. We speak with one of the lead reporters on the series.