Crain’s Chicago Business reported this morning that the Chicago Reader is on the block and that the Chicago Sun-Times was solicited as a buyer. Longtime Reader media critic Michael Miner’s reaction: “The article is so flimsy that everyone here naturally assumed that the lethal nine-tenths of the truth is hidden below the surface.” He adds:
We’re a little surprised that the Sun-Times, not long out of bankruptcy itself, can afford to buy anybody. Maybe we should buy them first. There’s talk here of passing the hat, and if we reach three figures making an offer they can’t refuse. More likely though, the money’s going to wind up in the March Madness pot. Better chance of a decent return.
There’ll be a staff meeting this afternoon to discuss the Crain’s story. If major on-the-record revelations are made, I’ll pass them along.