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'Chicago Sun-Times' Set For Purchase
- Chicago Tribune, Wednesday, December 21, 2011 2:06 PM
Chicago-based technology holding company Merrick Ventures is among the group expected to buy Sun-Times Media for $20 million, according to a story written by three reporters at the Chicago Tribune.
Why the purchase now, when newspaper fortunes are plummeting? "The Sun-Times emerged from bankruptcy with little debt, and the paper has dramatically reduced costs... by, among other things, slashing its workforce and outsourcing its printing operations to Tribune's Freedom Center," the reporters write.
