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News
Business 04/25/2016, 07:04am
Gannett launches bid to acquire Tribune Publishing
Michael Ferro, largest shareholder of Tribune Publishing | Getty Images
Michael Ferro, largest shareholder of Tribune Publishing | Getty Images
Sun-Times Staff
Gannett Co Inc. said Monday it was launching a bid to acquire Tribune Publishing Company for $12.25 a share in a deal valued at about $815 million.
The all-cash bid represents a premium of 63 percent to the closing share price of Tribune Publishing on April 22.
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A Gannett release indicates that Tribune Publishing has so far rejected the offer and refused to “begin constructive discussions.”
The deal includes Gannett, which publishes USA Today, assuming about $390 million in Tribune Publishing debt.
Robert J. Dickey, president and chief executive officer of Gannett, said in a statement: “We believe Tribune shares the new Gannett’s unwavering commitment to journalistic excellence and delivering superior content on all platforms. In this respect, the proposed combination of Gannett and Tribune would bring together two highly complementary organizations with a shared goal of providing trusted, premium content for the readers and communities we serve.”
More details to come.
Chicago News 04/25/2016, 06:53am
Fire officials: Body pulled from Lake Michigan near Grant Park
Sun-Times file photo
Sun-Times file photo
Sun-Times Wire
A body was pulled from Lake Michigan Monday morning near Grant Park, fire officials said.
The Chicago Police Marine Unit removed the body from the water about 6:30 a.m. in the 500 block of South Lake Shore Drive, according to Fire Media Affairs Director Larry Langford.
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Fire officials said the person was dead at the scene, but did not immediately provide additional details. The Cook County medical examiner’s office could not immediately confirm the fatality.
Grant Park
Chicago News 04/25/2016, 06:50am
Man shot in Fernwood
Sun-Times stock photo
Sun-Times stock photo
Sun-Times Wire
A man was shot Sunday evening in the Fernwood neighborhood on the Far South Side.
The 37-year-old suffered a graze wound to the head about 6:30 p.m. in the 10000 block of South Princeton, according to Chicago Police.
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He later walked into MetroSouth Medical Center in Blue Island, where he was treated and released, police said.
# Crime fernwood
Chicago 04/25/2016, 06:00am
CHA tenants shivered until city sued landlords over heat
Shortly after Christmas, the heat went out in the Englewood six-flat where Mileissa Weddle, above, lives. “The landlord put a sign on the door that the heat was going to be off for a couple of days, but it was longer than that,” Weddle says. | Ashlee Rezin / Sun-Times
Shortly after Christmas, the heat went out in the Englewood six-flat where Mileissa Weddle, above, lives. “The landlord put a sign on the door that the heat was going to be off for a couple of days, but it was longer than that,” Weddle says. | Ashlee Rezin / Sun-Times
Tim Novak and Chris Fusco
Eighty-seven-year-old Ernestine Davis says she spent most of January wrapped in a quilted robe and huddled near her gas oven because the heat was out at the South Side apartment she leases with the help of a Chicago Housing Authority voucher.
It was 29 degrees outside on Jan. 13 when city building inspectors showed up and found the temperature inside her South Shore apartment was just 54 degrees.
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Davis, who lives alone, had been relying on her stove, an electric space heater and extra clothing to try to stay warm.
“I had a long quilted robe, jogging pants, socks and pajamas,” she says. “I was running my little heater and my stove. I never came up in the front part of the house.”
chaprojectCity Hall sued her landlord for violating Chicago’s heat ordinance, which requires landlords to keep apartments at a minimum of 68 degrees during the day and 66 degrees at night between Sept. 15 and June 1.
The lawsuit was one of 209 that city lawyers have filed against landlords this year over a lack of heat.
Thirty-four of those heat cases involved buildings where the CHA subsidizes rents through “housing choice vouchers,” commonly known as Section 8, a Chicago Sun-Times and Better Government Association investigation found. Those suits involved 94 voucher households with a total of 207 tenants, CHA records show.
“We take these complaints seriously, and our inspection process is designed to ensure properties are in compliance with program guidelines,” says Molly Sullivan, a spokeswoman for the CHA.
Sullivan says the agency “inspects every occupied . . . unit on an annual basis and conducts special complaint inspections when a complaint is received. If a unit repeatedly fails a series of inspections, CHA will suspend payment to the owner and give the tenant the opportunity to move to a new unit.”
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Chicago News 04/25/2016, 05:11am
Obama guidance, press schedule April 29, 2016. Germany
President Barack Obama is among the Illinois Democratic Party's "superdelegates." AP file photo
President Barack Obama is among the Illinois Democratic Party's "superdelegates." AP file photo
Lynn Sweet
@lynnsweet | email
Below, from the White House….
THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
April 24, 2016
DAILY GUIDANCE AND PRESS SCHEDULE FOR
MONDAY, APRIL 25, 2016
In the morning, the President will open and tour the Hannover Messe Trade Fair with Chancellor Angela Merkel. The opening remarks and tour at the Hannover Messe Fairgrounds are pooled press.
In the afternoon, the President will deliver remarks. The remarks will be open press.
Later in the afternoon, the President will meet with President Francois Hollande of France, Prime Minister Matteo Renzi of Italy, and Prime Minister David Cameron of the United Kingdom in a meeting hosted by German Chancellor Angela Merkel. There will be a travel pool spray at the top of this meeting.
Afterwards, the President will depart Hannover, Germany and return to Washington, DC. The departure from Hannover Airport will be open to pre-credentialed media, and the in-town travel pool will accompany the President to the White House.
Out-of-Town Travel Pool
Wires: AP, Reuters, Bloomberg
Wire Photos: AP, Reuters, AFP
TV Corr & Crew: ABC
Print: New York Times
CET
9:00AM THE PRESIDENT and Chancellor Merkel open and tour the Hannover Messe Trade Fair
Hannover Messe Fairgrounds, Hannover, Germany
Pooled Press
11:25AM THE PRESIDENT delivers remarks
Hannover Messe Fairgrounds, Hannover, Germany
Open Press
2:30PM THE PRESIDENT meets with President Hollande of France, Prime Minister Renzi of Italy, Prime Minister Cameron of the United Kingdom, and Chancellor Merkel of Germany
Schloss Herrenhausen, Hannover, Germany
Travel Pool Spray at the Top
4:40PM THE PRESIDENT departs Hannover, Germany
Hannover Airport, Hannover, Germany
Open to Pre-Credentialed Media
EDT
5:00PM In-Town Pool Call Time
7:10PM THE PRESIDENT arrives Joint Base Andrews
In-Town Travel Pool Coverage (Final Gather 5:10PM – Stakeout Location)
Briefing Schedule
CET
9:30AM Press Briefing by Press Secretary Josh Earnest, Deputy National Security Advisor for Strategic Communications Ben Rhodes, President and CEO of the U.S. Chamber of Commerce Tom Donohue, and Chairman and CEO of The Dow Chemical Company Andrew N. Liveris
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