• Trouble for the Chicago Sun-Times' owner: That's according to Lynne Marek, who says Wrapports LLC's hopes to buy The Chicago Tribune now appear more farfetched.
Tribune's broadcasting arm would likely keep the newspaper division's real estate and the company's investments in digital assets like CareerBuilder, lowering the value of The Chicago Tribune and thus any price Wrapports might pay, but the move also appears to kick a newspaper sale down the road. And the Sun-Times is losing money right now.
The biggest financial concern for the company is the hefty $70 million a year it must pay a year to Chicago Tribune to print and distribute the Sun-Times papers. While the company has explored printing alternatives, its contract with its larger rival runs for about two more years. After that, Sun-Times would have leeway to explore less expensive options, even a reduction in printing.(more...)