Newspaper article St Louis Post-Dispatch (MO)

Tronc in Talks with Wrapports to Acquire Chicago Sun-Times

Newspaper article St Louis Post-Dispatch (MO)

Tronc in Talks with Wrapports to Acquire Chicago Sun-Times

Article excerpt

CHICAGO * A longtime newspaper rivalry in the once highly competitive Chicago market may end with the acquisition of the Chicago Sun-Times by the owner of the Chicago Tribune.

Chicago-based Wrapports announced on Monday that it had agreed to enter into discussions with tronc Inc., owner of several major newspapers, after failing to interest other media companies in acquiring the Sun-Times.

If tronc acquires the Sun-Times, it would operate the newspaper as a separate unit, keeping in place the independent newsroom, Wrapports said.

"The investors and board members of Wrapports have been committed to keeping a strong media voice in Chicago alive," Wrapports Chairman John Canning said. "We believe an ownership that can bring substantial digital resources is necessary and is the best path for the Sun-Times long term. …

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