02/04/2013 17:17 EST | Updated 04/06/2013 05:12 EDT

Alabama boy, 5, reported safe as hostage incident ends

A five-year-old boy is safe after a lengthy standoff with a hostage-taker came to an end Monday, several media reports said.

Reuters and CNN reported that the hostage-taker was dead and that the five-year-old he'd been holding for almost a week was safe.

Authorities say a news conference is planned for later Monday afternoon in Midland City, Ala.

Police say 65-year-old Jim Dykes has been holding the boy hostage in an underground bunker.

Neighbours heard a boom followed by a gunshot this afternoon.

More to come.