Rupert Murdoch

Sun-Times sold to former alderman and investors

Sun-Times sold to former alderman and investors

An investor group led by former Chicago Ald. Edwin Eisendrath and the Chicago Federation of Labor on Wednesday bought the Chicago Sun-Times, keeping the city's No. 2 paper in business and ending a bid by the Chicago Tribune's owner to acquire its longtime rival.

The sale of the Sun-Times by its owner, Wrapports, followed two months of negotiations, public pitches for bidders and close guidance from federal antitrust regulators. Sources familiar with the deal put the price tag at $1, or the cost of a single copy of the storied tabloid.

"We've closed," said Eisendrath, 59. "I'm very grateful to everyone who made it possible to save this independent news voice in...

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