Chicago Reader News

The owners of the Chicago Sun-Times said Wednesday that they have acquired the Chicago Reader, bringing an enduring part of the alternative press under the same corporate umbrella as daily and weekly papers that span the Chicago region.

We would like to inform you of the sale of the Chicago Reader to Wrapports, LLC owner of Sun-Times Media and publisher of the Chicago Sun-Times and more than 40 other media properties.

In March, Chris Hughes paid around $5 million for a majority share of The New Republic.

Otha Jeffries, played by Charles Gardner is interrogated by police detective Dan Breen, played by David Parkes in the world premiere of MY KIND OF TOWN by John Conroy.

"Inside the [Chicago] Reader , the most painful piece of the Crain's story was the $3 million price tag," writes the Reader 's Michael Miner of the reported sale to Chicago Sun-Times parent company Wrapports LLC.

No less an authority than Tony Adler of the Chicago Reader has called Jeremy Menekseoglu "one of the most ambitious, prolific, original, and gifted playwrights in Chicago." Menekseoglu is the presiding spirit at Dream Theatre in Pilsen, where he writes, directs, and acts in practically everything that goes onstage.

Wrapports LLC, the Chicago Sun-Times' parent company, may buy the Chicago Reader soon , Lynne Marek reported Wednesday in Crain's Chicago Business.

On the eve of the news that Wrapports LLC, the parent of the Chicago Sun-Times, is poised to acquire the Chicago Reader , Crain's Lisa Leiter caught up with Madison Dearborn Partners LLC Chairman John Canning Jr.

The alternative weekly is being sold by New York investment firm Atalaya Capital Management LP, which acquired it along with four other weeklies out of bankruptcy in 2009 after lending money to prior owners at Tampa, Fla.-based Creative Loafing Inc.

Wrapports LLC, the parent of the Chicago Sun-Times, is poised to purchase the Chicago Reader as soon as next week for about $3 million, according to sources familiar with the transaction.

Hank Feeley's style perplexes art critics and is sure to bring a new stream of consciousness to the Dogwood Festival.