‘This isn’t a newspaper acquisition’

“This is the creation of a technologically-enabled content company,” veteran newspaper executive Timothy Knight says in the story about the Chicago Sun-Times being sold to an investment group for about $20 million. He says the printed paper will remain important “for the foreseeable future,” but he’ll concentrate on using technology to reach readers.

* Chicago-based investment group buys Sun-Times Media
* Sun-Times will focus on giving specialized content to online readers
* Sun-Times chairman tells employees that the company is profitable

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