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WBEZ Chicago board approves Sun-Times acquisition

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Chicago Public Media, WBEZ's parent company, voted to approve a deal to acquire the Sun-Times.

CHICAGO -- The board that controls public radio station WBEZ on Tuesday approved the acquisition of the Chicago Sun-Times, taking a major step forward in a deal to create one of the largest nonprofit news organizations in the country.

Nykia Wright, CEO of the Sun-Times, said,"This is an extraordinary opportunity for our collective news community and for the future of the hardest working paper in America, which counts some of the best storytellers in Chicago among its ranks. We are excited about the possibilities that lie ahead for this unique model of nonprofit news and raising the bar for supporting, preserving and strengthening local journalism.

The partners outmaneuvered the Chicago Tribune's then-parent company, which wanted to buy the Sun-Times with what analysts believed was an intent to shut it down. "This innovative merger honors the valuable and important role the paper has played and ensures a bright future for the paper and all members of the Sun-Times team."

 

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WBEZ parent moving forward with Sun-Times acquisition, forming joint nonprofit newsroomThe Chicago Public Media board voted Tuesday to move forward with its acquisition of the Chicago Sun-Times, joining the daily newspaper with WBEZ-FM 91.5 as one nonprofit newsroom. Sad for all the chumps still at the Trib. Wow, a government run paper. Not even hiding it anymore. They will be further left than the Trib! I’m happy
Källa: chicagotribune - 🏆 8. / 91 Läs mer »

WBEZ parent moving forward with Sun-Times acquisition, forming joint nonprofit newsroomThe Chicago Public Media board voted Tuesday to move forward with its acquisition of the Chicago Sun-Times, joining the daily newspaper with WBEZ-FM 91.5 as one nonprofit newsroom. Sad for all the chumps still at the Trib. Wow, a government run paper. Not even hiding it anymore. They will be further left than the Trib! I’m happy
Källa: chicagotribune - 🏆 8. / 91 Läs mer »