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Chicago Sun-Times sold to group of investors

Staff Writer | July 13, 2017
A group of investors led by a former Chicago alderman purchased the Sun-Times, out-bidding the owners of the Chicago Tribune.
Edwin Eisendrath
Acquisition   Former Chicago Alderman Edwin Eisendrath
Former Chicago Alderman Edwin Eisendrath and the group of investors beat out Tronc, the owner of the Chicago Tribune as well as the Los Angeles Times and Baltimore Sun, for the tabloid, the Chicago newspapers reported on Wednesday.

"It's a great town as you know and it will continue to have two great newspapers," Eisendrath said on Twitter in announcing the deal.

The U.S. Department of Justice’s Antitrust Division opened an investigation in May into the possible sale of the Sun-Times to Tronc and monitored the bidding closely.

The department said in a statement on Wednesday that it closed its investigation with the paper's sale to ST Acquisition Holdings LLC, the investor group.

The terms of the deal between ST Acquisition Holdings and Sun-Times parent Wrapports were not made public.