chicago tribune

Shareholders of Tribune Publishing, one of the country’s largest newspaper chains, approved a takeover bid by hedge fund Alden Global Capital on Friday

Shareholders of Tribune Publishing, one of the country’s largest newspaper chains, appeared to approve a $630 million takeover bid by hedge fund Alden Global Capital on Friday. NBC 5’s Mary Ann Ahern reports.

Hedge fund Alden, Tribune’s largest shareholder, has offered to buy the rest of the newspaper publisher at a price that values it at $520.6 million.

A managing editor and the publisher and editor-in-chief are leaving the Chicago Tribune, joining a growing number of journalists who have departed since a hedge fund with a reputation for dramatically cutting costs and eliminating jobs became Tribune Publishing’s largest shareholder.

Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, and grapples with a decline in revenue as the print-ad business shrinks.

Faith Rodgers, who has accused R. Kelly of sexual battery, knowingly infecting her with herpes and locking her in rooms for punishment, spoke at a press conference Monday with attorney Gloria Allred.

Illinois officials granted parole on Thursday to an 80-year-old inmate sentenced to life in prison for the 1960 killings of three suburban Chicago women, whose brutalized bodies were found in a cave at Starved Rock State Park.

A judge delayed a ruling Tuesday on whether or not a wrongful petition conviction can move forward after attorneys for Marni Yang claimed new evidence cleared the convicted murderer in the highly-publicized case. NBC 5’s Charlie Wojciechowski reports.

A River North bar at the center of controversy is back open for business.