KEY EVENTS INSUN- TIMES HISTORY
1929: The first edition of the afternoon Chicago Daily Times rolls off the presses on Sept. 3.
1941: Marshall Field III launches his morning newspaper, the Chicago Sun. 1947: Field buys the Times. 1948: The Sun and the Times merge. By spring 1950, the Chicago Sun- Times officially becomes a morning newspaper.
1955: Construction of the Sun- Times Building at 401 N. Wabash begins. The first edition printed at the Sun- Times Building rolls off the presses on Jan. 23, 1958.
1956: Marshall Field IV buys the Chicago Daily News, the storied afternoon newspaper founded in the 1870s. 1978: Citing declining circulation, Daily News ceases publication. 1984: The Field family sells the Sun- Times to Rupert Murdoch’s News America Inc., which also acquires WFLD- Channel 32. Under pressure from the Federal Communications Commission, News America sells the Sun- Times in 1986 to an investor group.
1994: American Publishing Co., a subsidiary of Hollinger Inc. of Vancouver, Canada, buys the Sun- Times and dozens of suburban papers acquired since the mid- 1980s. The stock- purchase transaction is valued at $ 180 million.
2004: Hollinger chief Conrad Black is fired by the Hollinger board over fraud allegations. Sun- Times moves its offices to 350 N. Orleans to make way for Trump Tower on the 401 N. Wabash site. 2006: Hollinger becomes Sun- Times Media. 2007: Black is sentenced to prison for looting Hollinger. 2009: Investors led by Mesirow Financial’s James Tyree buy SunTimes Media out of bankruptcy in a $ 25 million deal. March 2011: Tyree dies suddenly.
December 2011: Wrapports LLC, led by Chicago tech entrepreneur Michael Ferro, buys Sun- Times Media in a $ 20 million- plus deal. Wrapports sells its suburban papers to Tribune Publishing in 2014.
May 15, 2017: The owner of the Chicago Tribune and other big newspapers, now known as Tronc, announces its intent to buy Wrapports’ assets.