Shaw Media buys Joliet newspaper from Sun-Times
DIXON, Ill. — Shaw Media is buying The (Joliet) Herald-News from Sun-Times Media.
The publishing companies announced the sale Monday, although terms of the deal weren’t disclosed.
The Herald-News has readers in Will and Grundy counties.
The publication will join Dixon-based Shaw’s portfolio of suburban Chicago publications, including The (Crystal Lake) Northwest Herald and The (DeKalb) Daily Chronicle.
John Rung is president of Shaw, a family-owned media company. He says in a statement that the new owners will “maintain the storied tradition of serving the Joliet region with a high-quality, community-oriented newspaper.”
Tim Knight is the president of Sun-Times Media. He said the sale lets the Sun-Times “focus its resources on transforming its core products.”
The transaction is expected to close in early January.