Group led by Chicago Cru­sader pub­lisher buy­ing Reader

Newspapers & Technology Magazine - - Mergers & Acquisitions -

e Chicago Sun-Times has sold Chicago al­ter­na­tive weekly the Chicago Reader to a group led by Chicago Cru­sader pub­lisher Dorothy Leavell, the Reader re­ported. e Sun-Times has owned e Reader has been owned by the Sun-Times since 2012.

Terms of the deal were not dis­closed.

Sun-Times CEO Ed­win Eisendrath made the news of the sale

pub­lic June 15 at the Rain­bow PUSH Con­ven­tion in Chicago.

“I'm here to say that the fu­ture of the Reader is in African-Amer­i­can own­er­ship,” he said at the Hy­att Re­gency Chicago.

“I am so hon­ored to have had an op­por­tu­nity to stand here to say to you that not only am I the pub­lisher of the Chicago Cru­sader and the Gary Cru­sader but now the Chicago Reader,” Leavell said.

Leavell is also the pres­i­dent of the Na­tional News­pa­per Pub­lish­ers As­so­ci­a­tion, an African-Amer­i­can press trade as­so­ci­a­tion with 200 mem­ber news­pa­pers.

“ e Reader is a beloved Chicago in­sti­tu­tion with an im­por­tant his­tory of in­ves­tiga­tive jour­nal­ism and cul­tural re­port­ing,” she said in a state­ment. “Our goal as new own­er­ship is to pre­serve and strengthen this brand and to make the paper ac­ces­si­ble to all Chicago com­mu­ni­ties.”

e Reader has a cir­cu­la­tion of 85,000.

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