Tronc in talks with Wrapports to acquire Chicago Sun-Times
CHICAGO — Two longtime newspaper rivals in the once highly competitive Chicago market may end with the acquisition of the Chicago Sun-Times by the owner of the Chicago Tribune, which has grabbed the attention of the U.S. Justice Department Monday.
Chicago-based Wrapports LLC announced in a statement it has 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.
In a statement, Wrapports states if tronc acquires the Sun-Times, it would operate the newspaper as a separate unit, keeping in place the independent newsroom.
“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.”