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Proposed sale of Sun-Times tronc Inc. delayed for other bids

Posted May 31, 2017 7:00 am

The Associated Press

CHICAGO (AP) - A potential deal to sell the Chicago Sun-Times to the owner of the Chicago Tribune will be delayed for five days.

Sun-Times publisher Jim Kirk says the delay is designed to allow others who have expressed an interest in buying the newspaper to finalize bids.

Chicago-based Wrapports LLC announced in mid-May it agreed to enter into discussions with tronc Inc. after failing to interest other media companies in acquiring the Sun-Times. However, the U.S. Justice Department asked Wrapports to extend a bidding process for 15 days for other potential buyers to come forward.

The Sun-Times reports (http://bit.ly/2rqUuvN) Kirk in an email Wednesday to staff said those bidders will be given until June 5th, to provide an initial offer.

Kirk declined further comment about other possible bidders for the Sun-Times or other Wrapports properties.

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Information from: Chicago Sun-Times, http://chicago.suntimes.com/

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