Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Chicago Sun-Times Sold

CHICAGO, Dec. 22 (UPI) — Private investors have purchased Chicago’s tabloid daily newspaper the Sun-Times, the parent company’s chairman has confirmed.

Sun-Times Media Chairman Jeremy Halbreich said the newspaper was bought by a group led by former Newsday publisher and chief executive officer Timothy Knight and Chicago businessman Michael Ferro Jr., the Chicago Tribune reported Thursday.

“It’s a very exciting opportunity. The Sun-Times properties across all of Chicagoland are very strong brands in their markets, have deep commitments to their communities and provide a great platform for us to build our technology-enabled content business,” Knight said.

Knight has experience in Chicago’s media landscape, working for many years as an executive at the Chicago Tribune. He also has experience as chief executive officer of an Internet company, CraftEDU, albeit briefly, the Tribune said.

Ferro, who will be the new company’s chairman, is currently chairman of private equity firm Merrick Ventures, which mostly invests in technology companies, the Sun-Times reported.

Halbreich will retire by the end of the year, the newspaper said.

The terms of the deal were not disclosed, but a source said the business was purchased for around $20 million.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Chicago Sun-Times Sold”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.