Tronc Puts in a Bid to Acquire the Chicago Sun-Times
On Monday, Tronc (NASDAQ: TRNC), formerly Tribune Publishing, announced that it has signed a non-binding letter of intent to acquire the Chicago Sun-Times, a long-time rival of the Chicago Tribune, a Tronc-owned newspaper. The Sun-Times is owned by Wrapports Holdings, a privately-held company that owns a handful of media and digital outlets including The Sun-Times, Aggrego.com, The Chicago Reader, The Straight Dope and The Muse. Terms of the deal were not disclosed.
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