DoJ Conducts Investigation Into Acquisition Of Chicago Sun-Times By Tronc

(RTTNews) - The Antitrust Division of the U.S. Department of Justice announced today that it is conducting an investigation into the possible acquisition of the Chicago Sun-Times by tronc Inc., the owner of the Chicago Tribune.

The owner of the Chicago Sun-Times, Wrapports LLC, disclosed that the Chicago Sun-Times is seeking a buyer that will continue to publish the newspaper; if no other viable buyer expressing substantial interest in purchasing the Chicago Sun-Times comes forward within 15 calendar days of publication in the Chicago Sun-Times of an advertisement inviting expressions of interest, the Chicago Sun-Times will be sold to tronc Inc.; and within the 15 calendar day period, prospective buyers must begin due diligence and indicate an expression of interest, including a price range for the Chicago Sun-Times, and demonstrate the financial ability to operate the paper.

If another viable buyer comes forward within 15 calendar days, then the interested buyer will be provided a reasonable opportunity to conduct additional due diligence and negotiate the purchase of the Chicago Sun-Times.