Chicago Reader Sale Finalized
may 23, 2012 04:57 pm
Wrapports LLC has closed the deal to purchase the Chicago Reader
from Atalaya Capital Management for $3 million.
will benefit, presumably, from the new owners' deep pockets, entrepreneurial savvy, and unbridled ambition," writes Michael Miner.
"For all its alternative airs, the Reader
culture is deeply old school, and it helped matters that a month ago technology entrepreneur Michael Ferro, chairman of Wrapports, hired [Jim] Kirk, one of Chicago's best-credentialed old-school journalists, to be editor in chief of Sun-Times Media."