Tribune TPCO Publishing shareholders today approved its $630 million sale to Alden Global Capital, a New York-based hedge fund with a controversial track record for slashing newsroom budgets that worries journalists. According to Tribune, holders of approximately 81.28% of the shares held by non-Alden stockholders approved the merger agreement, over the two-thirds minimum required. "Today's results represent an important milestone in completing the transaction, and we appreciate the strong support we received from Tribune stockholders," said Philip G. Franklin, Chairman of the Board and a member of the special committee, in a press release.