Magazine article The Quill

Tribune Co. Buys Chicago Magazine

Magazine article The Quill

Tribune Co. Buys Chicago Magazine

Article excerpt

The company that publishes the Chicago Tribune said in late July that it would acquire Chicago magazine from Primedia Inc. for $35 million in cash. Chicago Tribune Co., a subsidiary of Tribune Co., plans to operate the magazine as an independent publication with its own editorial and advertising staffs.

The purchase marks a departure in corporate strategy for Tribune Co., which also owns New York magazine and several other publications. Tribune sold off the magazines it acquired from its purchase of Times Mirror Co. in 2000 to concentrate on newspapers, television, and the Internet, according to The Associated Press.

Tribune's purchase has raised the specter of big media's influence on readers and advertisers by having one company own the areas top-selling newspaper, the top-rated radio station, a big TV station, a professional baseball team, a cable station and Internet sites - and now a city magazine. …

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