{"id":1155,"date":"2013-11-11T08:00:35","date_gmt":"2013-11-11T14:00:35","guid":{"rendered":"http:\/\/www.robertfeder.com\/?p=1155"},"modified":"2013-11-11T08:04:37","modified_gmt":"2013-11-11T14:04:37","slug":"sun-times-plans-to-jettison-joliet","status":"publish","type":"post","link":"https:\/\/robertfeder.dailyherald.com\/2013\/11\/11\/sun-times-plans-to-jettison-joliet\/","title":{"rendered":"Sun-Times plans to jettison Joliet"},"content":{"rendered":"

\"Herald<\/a><\/a>Under pressure to raise cash quickly, the parent company of the Sun-Times is about to begin selling off some of its suburban publishing assets, according to insiders.<\/p>\n

Sources said the first to go likely will be the Joliet Herald-News,<\/a> one of seven suburban daily newspapers owned by Sun-Times Media. A deal to sell the paper to an unidentified local owner is expected to be announced before the end of the year.<\/p>\n

Timothy Knight, CEO of Sun-Times Media owner Wrapports LLC, declined to comment.<\/p>\n

\"Herald-News\"<\/a>A fixture in the southwest suburbs for 100 years, the Herald-News was acquired in 2000 when former owner Copley Press sold its Fox Valley Press division to Hollinger International, then parent company of the Sun-Times.<\/p>\n

Under president and chief operating officer David Radler, the deal was a key part of Hollinger\u2019s strategy to compete against the Chicago Tribune by creating a ring of suburban dailies surrounding Chicago in addition to dozens of weekly newspapers in the northern and southern suburbs.<\/p>\n

Word of the Joliet sale follows a report here <\/a>that another round of staff reductions will target departments throughout Sun-Times Media early next year. Both moves are necessary to offset revenue shortfalls, sources said.<\/p>\n

It\u2019s not clear how many employees will be affected by the sale of the 25,000-circulation daily since Sun-Times Media recently consolidated suburban editorial and business operations.<\/p>\n

Besides the Sun-Times and the Herald-News, Sun-Times Media also owns the Aurora Beacon-News, the Elgin Courier-News, the Lake County News-Sun, the Naperville Sun, the Northwest Indiana Post-Tribune and the SouthtownStar, as well as the Chicago Reader and 32 weekly newspapers published by the Pioneer Press.<\/p>\n","protected":false},"excerpt":{"rendered":"

Under pressure to raise cash quickly, the parent company of the Sun-Times is about to begin selling off some of its suburban publishing assets, according to insiders. Sources said the first to go likely will be the Joliet Herald-News, one of seven suburban daily newspapers owned by Sun-Times Media. A deal to sell the paper... Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/1155"}],"collection":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/comments?post=1155"}],"version-history":[{"count":7,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/1155\/revisions"}],"predecessor-version":[{"id":1164,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/1155\/revisions\/1164"}],"wp:attachment":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/media?parent=1155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/categories?post=1155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/tags?post=1155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}