Liberal Chicago Ex-Lawmaker Buys Sun-Times Paper by the Forward

Liberal Chicago Ex-Lawmaker Buys Sun-Times Paper

A group of investors led by a Jewish former Chicago alderman has purchased the Sun-Times newspaper, outbidding the owners of the Chicago Tribune for its main rival and ending a federal antitrust investigation into the sale.

Former Chicago Alderman Edwin Eisendrath and the group of investors beat out Tronc Inc, the owner of the Chicago Tribune as well as the Los Angeles Times and Baltimore Sun, for the tabloid, the Chicago newspapers reported on Wednesday.

“It’s a great town as you know and it will continue to have two great newspapers,” Eisendrath said on Twitter.

The investor group is comprised of corporate restructuring expert William Brandt, the Chicago Federation of Labor, local labor unions and about a half-dozen other individuals, the Sun-Times reported.

Criminal defense attorney Len Goodman, a member of the billionaire Crown family, was said to be the biggest individual investor among the group, Crain’s Chicago Business reported.

Labor unions in the city applauded the sale, which also included the Chicago Reader, a weekly.

“The little guy won here,” said Chicago Federation of Labor President Jorge Ramirez to the Sun-Times.

Liberal Chicago Ex-Lawmaker Buys Sun-Times Paper

Author

Your Comments

The Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. All readers can browse the comments, and all Forward subscribers can add to the conversation. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not and will be deleted. Egregious commenters or repeat offenders will be banned from commenting. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason.

Recommend this article

Liberal Chicago Ex-Lawmaker Buys Sun-Times Paper

Thank you!

This article has been sent!

Close