A Major Metropolitan Newspaper, Acquired for the Price of a Single Print Copy

Losses for 2017 and 2018 are also on the deal books

At the top of Thursday’s Chicago Sun-Times front page, the nameplate reads, per usual: ‘$1 CITY/BURBS $2 ELSEWHERE.’ What’s less usual is that the new ownership deal for the paper and alt-weekly the Chicago Reader, also noted on the July 13 front page, was done for the ‘CITY/BURBS’ amount.

It’s a startling detail about a deal consummated in the third largest media market in the U.S. by a former city alderman, Edwin Eisendrath, in partnership with the Chicago Federation of Labor.

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