Chicago Public Media raised $61 million in philanthropic support to finance the merger, with the money pledged over five years to fund the Sun-Times operation.
[Most read] Matt Eberflus shares his plan for leading a winning Chicago Bears team — instilling high intensity and accountability and building a motivated coaching staffThe newspaper and radio station will operate as separate newsrooms with their own editors, but will share content and resources across multiple platforms. The combined entities will have nearly 300 employees, with no plans for staff reductions after the merger, Chicago Public Media spokeswoman Betsy Berger said Monday.
Michael Sacks, chairman and CEO of Chicago-based asset management firm GCM Grosvenor and a Sun-Times investor, helped secure the agreement to transfer the newspaper’s assets and committed “significant future financial support,” according to Chicago Public Media. “I am proud to have played a part in securing the future of the Chicago Sun-Times and honoring its great legacy,” Sacks said in the news release.Founded in 1948 by Marshall Field III, the Sun-Times has had a succession of owners, including media baron Rupert Murdoch, who bought it in 1984. Murdoch was forced to sell the Sun-Times in 1986 after acquiring WFLD-Ch. 32 because of Federal Communications Commission cross-ownership restrictions.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Public radio owner buys Sun-Times in big Chicago media dealCHICAGO (AP) — The combination of two storied Chicago news brands has created one of the country's largest local nonprofit news organizations. Chicago Public Media, which owns WBEZ, the local NPR affiliate, announced Monday it completed a deal to buy the Chicago Sun-Times, the punchy tabloid with roots that stretch back to the mid-19th century.
Lire la suite »
John Leguizamo avoided sun ‘for years’ to stay light skinned for Hollywood roles'What happened to all the Afro Latinos and the majority of Indigenous Latinos? They don’t get a shot,' the actor said. 'So, there’s a lot of things we got to deal with in Hollywood.' - NBCLatino
Lire la suite »
During a Solar Flare, Dark Voids Move Down Towards the Sun. Now We Know Why - Universe TodaySolar flares are complex phenomena. They involve plasma, electromagnetic radiation across all wavelengths, activity in the Sun’s atmosphere layers, and particles travelling at near light speed. Spacecraft like NASA’s Solar and Heliophysics Observatory (SOHO) and the Parker Solar Probe shed new light on the Sun’s solar flares. But it was a Japanese-led mission called Yohkoh … Continue reading 'During a Solar Flare, Dark Voids Move Down Towards the Sun. Now We Know Why'
Lire la suite »
Public radio owner buys Sun-Times in big Chicago media dealCHICAGO (AP) — The combination of two storied Chicago news brands has created one of the country's largest local nonprofit news organizations. Chicago Public Media, which owns WBEZ, the local NPR affiliate, announced Monday it completed a deal to buy the Chicago Sun-Times, the punchy tabloid with roots that stretch back to the mid-19th century.
Lire la suite »