AnMaster.com

Alexkid

Investment group to acquire Chicago Sun-Times
SOPHIA TAREEN
(The Associated Press)



06:26:16AM (ET) Thursday,December 22,2011.

CHICAGO (AP) — A new investment group led by a Chicago entrepreneur and a former Newsday media executive has agreed to buy Sun-Times Media Holdings, the company that owns the Chicago Sun-Times newspaper, group officials said late Wednesday.

Wrapports LLC released a statement saying the transaction should close by year's end, though terms of the agreement were not disclosed. Sun-Times Media also owns several newspapers in suburban Chicago and Indiana.

The investment group is led by Michael Ferro Jr., CEO of private equity firm Merrick Ventures, which deals with technology companies, and Timothy Knight, the former publisher of Newsday. They said the investment company's name refers to a mix of old media, the "wrapping" of a newspaper, with the "rapport" planned by new technology.

"We look forward to introducing cutting-edge technologies, new content portals and other tools that will expand and drive richer and more satisfying content to readers, while providing more targeted and measurable promotion options for our advertising partners," Knight said in a statement.

---------------------------------------------------
Two words :
Good investment.

__________________
Yeah...Do That.