Wednesday, December 21, 2011

New Owners Take a Shine to Sun Times

Chicago Sun-TimesImage via WikipediaThe Chicago Tribune reports that Sun Times Media, parent of the Trib's chief rival, The Chicago Sun Times, is about to change hands.

Former Newsday publisher and chief executive Timothy Knight is expected to take the helm of the tabloid Sun Times, whose origins date back to 1844 with the Chicago Evening Journal. Current Sun Times shareholders, such as Chicago Blackhawks owner Rocky Wirtz, are hanging around, but the new ownership will be fronted by Michael Verro of Merrick Ventures, a technology holding company based in Chicago, according to the Tribune account.

The Sun Times, which emerged from bankruptcy in 2009, is also entering the pay-for-a-peek at some of its online content era embraced by most  metro dailies. The tabloid remains home base for renowned film critic Roger Ebert.

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