Chicago Sun-Times acquisition approved by Chicago Public Media, owner of WBEZ
The noncash transfer will not be final until contracts are approved, but both media organizations said they hope to close on the deal by the end of the month.
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The noncash transfer will not be final until contracts are approved, but both media organizations said they hope to close on the deal by the end of the month.
The Chicago Public Media board voted Tuesday to move forward with its acquisition of the Chicago Sun-Times, joining the daily newspaper with WBEZ-FM 91.5 as one nonprofit newsroom.
In an unlikely media deal, the big-city tabloid will become a subsidiary of the nonprofit organization that brings listeners “All Things Considered.”
The Chicago Public Media board voted Tuesday evening to move forward with its acquisition of the Chicago Sun-Times, combining the long-struggling daily newspaper with resurgent public radio station WBEZ-FM 91.5
The board that controls public radio station WBEZ on Tuesday approved the acquisition of the Chicago Sun-Times, taking a major step forward in a deal to create...