Tribune Publishing shareholders have voted to accept a $630 million takeover bid from hedge fund Alden Global Capital, The Associated Press reported Friday .
The vote …
Tribune Publishing shareholders have voted to accept a $630 million takeover bid from hedge fund Alden Global Capital, The Associated Press reported Friday. The vote comes roughly three months after the two companies announced the deal and after rival bids to purchase the company failed. Alden’s takeover has been fought by journalists at the Chicago Tribune and other Tribune newspapers. The company also owns the New York Daily News, Baltimore Sun, Orlando Sentinel and South Florida Sun-Sentinel, among other papers.
