In his story about Chicago Sun-Times’ parent buying the Chicago Reader for $3 million, Reader media writer Michael Miner notes that a Crain’s story has “hinted” that Sun-Times owner Michael Ferro and his allies might be interested in taking over the Chicago Tribune.
“The money’s there,” writes Miner. “Among the [Sun-Times] investors is billionaire Joe Mansueto, who controls Time Out Chicago, the Reader’s principal competition.” Ferro has said that he wants to buy more newspapers.
* Sun-Times parent close to acquiring Chicago Reader (Crain’s Chicago Business)
* Crain’s says Reader going to Sun-Times (Chicago Reader)
* March 1: Sun-Times owner wants to buy more newspapers (JimRomenesko.com)