Post by Logan on May 16, 2017 11:19:25 GMT -6
Justice Department: Chicago Tribune wants to buy the Chicago Sun-Times
CHICAGO — Chicago's media scene could get a lot smaller — so long as the Justice Department approves.
Wrapports, the parent company of the Chicago Sun-Times, is looking for a buyer that will keep publishing the daily newspaper. The owner of the Chicago Tribune, tronc, has stepped up to the plate, both companies announced today.
"If completed, tronc would own and operate the Sun-Times as a separate unit, keeping in place the independent newsroom," Wrapports said in a statement.
The terms of the pending merger haven't been disclosed.
But it's not a done deal yet. Since they kicked off discussions, tronc and Wrapports have been in touch with the Justice Department. The antitrust division asked Wrapports to post an advertisement announcing that its assets are for sale, giving other potential buyers 15 days to come forward.
Read more: www.toledoblade.com/business/2017/05/15/Justice-Department-Chicago-Tribune-wants-to-buy-the-Chicago-Sun-Times.html
CHICAGO — Chicago's media scene could get a lot smaller — so long as the Justice Department approves.
Wrapports, the parent company of the Chicago Sun-Times, is looking for a buyer that will keep publishing the daily newspaper. The owner of the Chicago Tribune, tronc, has stepped up to the plate, both companies announced today.
"If completed, tronc would own and operate the Sun-Times as a separate unit, keeping in place the independent newsroom," Wrapports said in a statement.
The terms of the pending merger haven't been disclosed.
But it's not a done deal yet. Since they kicked off discussions, tronc and Wrapports have been in touch with the Justice Department. The antitrust division asked Wrapports to post an advertisement announcing that its assets are for sale, giving other potential buyers 15 days to come forward.
Read more: www.toledoblade.com/business/2017/05/15/Justice-Department-Chicago-Tribune-wants-to-buy-the-Chicago-Sun-Times.html