Cost-cutter Alden gets go-ahead for rest of Tribune

Tribune Publishing has agreed to its acquisition by Alden Global Capital, which already owns almost 32 per cent of its equity of the company.

The Chicago Tribune has reported the deal is worth US$630 million, with Alden paying $17.25 per share and the company delisted.

An exception is apparently the Baltimore Sun, which will be transferred to Democrat entrepreneur Stewart Bainum Jr's 'Sunlight for All Institute" charity.

Apart from the Tribune and Sun, the company's mastheads also include the New York Daily News and Orlando Sentinel.

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INDUSTRY | BRIEFS
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