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The two owners of the alternative weekly paper, who bought it for $1 in 2018, transferred ownership to a nonprofit entity. They sold it for a token amount of $100.
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The Chicago Reader completed its transition to a nonprofit organization Monday, ushering in a new chapter for the iconic 51-year-old alternative newspaper.
The Chicago Reader, the city’s famed alt-weekly, is expected to become a nonprofit this month after the sale was nearly derailed over a co-owner’s column opposing COVID-19 vaccine requirements for children. Critics including former and current Reader staff blasted his take, arguing that Goodman relied on sources repeatedly fact-checked by media and infectious-disease experts.
The Chicago Reader, the city’s famed alt-weekly, is expected to become a nonprofit this month after the sale was nearly derailed over a co-owner’s column opposing COVID-19 vaccine requirements for children. The publication was on track to be sold to the new nonprofit last year until the November printing of defense attorney Leonard Goodman’s column…
Chicago's famed alt-weekly is expected to become a nonprofit this month after the sale was nearly derailed over a co-owner's column opposing COVID-19 vaccine