Tronc Moves To Buy Chicago Sun-Times

Tronc, the parent company of the Chicago Tribune, has entered into a nonbinding letter of intent to acquire Wrapports Holdings, which owns the Chicago Sun-Times as well other assets such as the Chicago Reader alternative weekly, the Aggrego digital content business and the syndicated column The Straight Dope. The announcement follows months of discussions between Wrapports and Tronc and after both organizations worked closely with the Department of Justice’s antitrust division.