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Tronc in talks with Wrapports to acquire Chicago Sun-Times

FILE - This Oct. 26, 2009 file photo shows the the Chicago Sun-Times building in Chicago. A for sale sign has been put on the Chicago Sun-Times, and the company that operates rival Chicago Tribune has announced it is interested in owning the newspaper. Chicago-based Wrapports LLC on Monday announced it agreed to enter into discussions with tronc Inc. after failing to interest other media companies in acquiring the Sun-Times. In a statement, Wrapports states if tronc acquires the Sun-Times, it would operate the newspaper as a separate unit, keeping in place the independent newsroom. (AP Photo/Kiichiro Sato, File)
FILE - This Oct. 26, 2009 file photo shows the the Chicago Sun-Times building in Chicago. A for sale sign has been put on the Chicago Sun-Times, and the company that operates rival Chicago Tribune has announced it is interested in owning the newspaper. Chicago-based Wrapports LLC on Monday announced it agreed to enter into discussions with tronc Inc. after failing to interest other media companies in acquiring the Sun-Times. In a statement, Wrapports states if tronc acquires the Sun-Times, it would operate the newspaper as a separate unit, keeping in place the independent newsroom. (AP Photo/Kiichiro Sato, File)

CHICAGO – A for-sale sign has been put on the Chicago Sun-Times, and the company that operates rival Chicago Tribune has announced it is interested in owning the newspaper.

Chicago-based Wrapports LLC announced Monday it has agreed to enter into discussions with tronc Inc. after failing to interest other media companies in acquiring the Sun-Times.

In a statement, Wrapports states if tronc acquires the Sun-Times, it would operate the newspaper as a separate unit, keeping in place the independent newsroom.

At one time tronc chairman Michael W. Ferro owned a stake in the Sun-Times. After taking the tronc post last year, he announced plans to donate that stake to a charitable trust to avoid the appearance of a conflict of interest.

Sun-Times publisher and editor-in-chief Jim Kirk said in a statement the acquisition of the newspaper by tronc is an opportunity for the Sun-Times to thrive.

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