{"id":5374,"date":"2014-10-21T14:30:10","date_gmt":"2014-10-21T19:30:10","guid":{"rendered":"http:\/\/www.robertfeder.com\/?p=5374"},"modified":"2014-10-21T14:35:25","modified_gmt":"2014-10-21T19:35:25","slug":"ceo-tells-staff-wrapports-evaluating-variety-of-investments","status":"publish","type":"post","link":"https:\/\/robertfeder.dailyherald.com\/2014\/10\/21\/ceo-tells-staff-wrapports-evaluating-variety-of-investments\/","title":{"rendered":"CEO tells staff: Wrapports \u2018evaluating variety of investments\u2019"},"content":{"rendered":"

While officials of the Sun-Times parent company won\u2019t comment on plans to sell their suburban newspapers to Tribune Publishing,<\/a> the chief executive officer of Wrapports LLC <\/a>says he\u2019s \u201cevaluating a variety of investments\u201d to strengthen the company.<\/p>\n

A report here<\/a> Tuesday said Wrapports has agreed sell all of its suburban daily and weekly newspapers to Tribune Publishing, while retaining the Sun-Times daily tabloid and the Reader free weekly, according to sources.<\/p>\n

\"Timothy<\/a>

<\/a> Timothy P. Knight<\/p><\/div>\n

Tribune Publishing, parent company of the Chicago Tribune and nine other newspapers nationwide, would acquire the Aurora Beacon-News, the Elgin Courier-News, the Lake County News-Sun, the Naperville Sun, the Northwest Indiana Post-Tribune, the SouthtownStar, and the 32 weekly newspapers published by the Pioneer Press.<\/p>\n

Spokesmen for both companies declined to comment.<\/p>\n

In response to the story, Wrapports CEO Timothy P. Knight sent an email to employees assuring them that \u201ceverything we do is to strengthen the company,\u201d adding: \"At present, our parent, Wrapports, LLC, is evaluating a variety of investments to continue to execute our digital strategy and grow the Chicago Sun-Times, one of the country's great newspapers.\"<\/p>\n

Here is the text of Knight\u2019s email to staff:<\/strong><\/p>\n

Dear Colleagues:<\/em><\/p>\n

I know you've seen the speculation about the sale of some Sun-Times Media titles. We don't comment on rumors but I want to assure you that everything we do is to strengthen the company.<\/em><\/p>\n

At present, our parent, Wrapports, LLC, is evaluating a variety of investments to continue to execute our digital strategy and grow the Chicago Sun-Times, one of the country's great newspapers.<\/em><\/p>\n

What I know for sure is that we are entering one of the busiest seasons of our year. I appreciate all of your hard work and continued focus on our readers, advertisers and partners.<\/em><\/p>\n

Best regards,<\/em><\/p>\n

Tim Knight\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

While officials of the Sun-Times parent company won\u2019t comment on plans to sell their suburban newspapers to Tribune Publishing, the chief executive officer of Wrapports LLC says he\u2019s \u201cevaluating a variety of investments\u201d to strengthen the company. A report here Tuesday said Wrapports has agreed sell all of its suburban daily and weekly newspapers to... 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\/5374"}],"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=5374"}],"version-history":[{"count":3,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/5374\/revisions"}],"predecessor-version":[{"id":5378,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/posts\/5374\/revisions\/5378"}],"wp:attachment":[{"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/media?parent=5374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/categories?post=5374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/robertfeder.dailyherald.com\/wp-json\/wp\/v2\/tags?post=5374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}