The Chicago Reader has a new owner for the second time in less than a year.
The Chicago Sun-Times announced Friday it has reached an agreement to sell the alternative weekly to an ownership group led by Chicago Crusader Publisher Dorothy Leavell. Terms of the deal were not disclosed.
Sun-Times CEO Edwin Eisendrath tweeted news of the sale, saying “we love the Reader & are thrilled it’s (sic) future is in such good hands.”
Eisendrath, a former Chicago alderman who partnered with the Chicago Federation of Labor and other investors to buy the Sun-Times, the Chicago Reader and other assets in July for $1, did not respond Friday to a request for comment.