Chicago Tribune Owner Loses Out on Sun-Times Buy
An investment group called ST Acquisition Holdings —led by former Chicago Alderman Edwin Eisendrath, about a half-dozen local investers and a coalition of labor unions, including the Chicago Federation of Labor (click here to see a list of the unionized commercial and wide-format/signage printers located in the Chicago area) and some other still-to-be-announced local unions — has acquired the Chicago Sun-Times newspaper and the Chicago Reader, a free weekly newspaper, after overcoming a competing bid from the owner of the Chicago Tribune. “A great group has come together and made sure that a genuine voice with honest and good reporting that connects with working men and women thrives,” the Sun-Times quoted Eisendrath as saying just before the acquisition closed. He is a local politician who had failed in a 2006 bid to unseat then-Illinois Governor Rod Blagojevich. Click Read More below for additional detail.