Chance the Rapper has acquired the assets of local news site Chicagoist from WNYC, New York's public radio station.
“We are delighted that the Chicagoist assets are finding a new home in the hands of a proud Chicagoan,” stated Laura Walker, president and CEO of New York Public Radio, which oversees WNYC.
“We are pleased these assets will be used to support local coverage,” Walker added.
Chance the Rapper, a musician and community activist, now owns Chicagoist’s archives, internet domain and social media channels. He called Chicagoist “an integral local platform for Chicago news, events and entertainment” in his statement.
He is looking forward to relaunching the site, which has been dormant since last fall, as well as “bringing the people of Chicago an independent media outlet focused on amplifying diverse voices and content.”
Chance announced his acquisition in his latest song, released at midnight Wednesday. In the song, "I Might Need Security,” he raps: “I bought the Chicagoist just to run you racist b*****s out of business.”
WNYC acquired Gothamist and its sister sites, including Chicagoist and DNAinfo, in February. The sites were previously owned by billionaire Joe Ricketts until he shuttered the publications in November 2017, citing the “tremendous effort and expense” it takes to keep them running.
WNYC has since relaunched Gothamist in New York City.Less than a month ago, WNYC transferred the assets of DNAinfo Chicago to Block Club Chicago, a new subscription and blockchain-based local news service launched by former DNAinfo editors.