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CEO Jeremy
Halbreich, who managed the company under Tyree's ownership, stepped down after Wrapports took control of the company. He said he had not felt pressured to sell the newspaper, but found Wrapports to be a good match: "Since Jim passed away, one of my principal concerns was ensuring that the
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Wrapports reached an agreement to purchase the Sun-Times company in
December 2011, debt-free, for a reported $ 20 million. Tyree had paid $ 5 million cash, and assumed $ 20 million in liabilities, two years earlier.
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company passed into the right set of hands. I came in on an assignment to try to save the newspaper, and it evolved into something more. This just makes perfect sense for everybody."
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Ferro and Knight said the name "Wrapports" is meant to signify the "rapport" of new technology and the "wrapping" of a traditional print newspaper. They promised to transform the
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The company was launched in late 2011 by
Michael W. Ferro Jr., chairman and CEO of the private equity firm Merrick Ventures, and Timothy P. Knight, who was former publisher of
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Wrapports' online holdings include websites for each of its newspapers as well as standalone sites for classified advertising, local high school sports, and trivia expert
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In
December 2012, it was announced that Wrapports will be closing all of its suburban offices and moving remaining employees downtown.
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print products into "a true multi-media experience for our users — how they want it, where they want it, when they want it."
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and its associated properties. No purchase price was disclosed, though published reports estimated it at $ 3 million. The
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On July 13, 2017, it was reported that a consortium, consisting of private investors & the
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387:"Tribune buys suburban newspapers from Sun-Times — and Sun-Times buys more time"
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429:"Union group led by Eisendrath outduels Trib owner to acquire Sun-Times"
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In
October 2014, Wrapports sold its suburban Chicago newspapers to the
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Channick, Robert; Oneal, Michael; Yerak, Becky (December 22, 2011).
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410:"The Chicago Sun-Times Is Wrenched Away From a Rival Publisher"
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from
Wrapports, beating out Chicago-based publishing company
302:"Chicago Sun-Times Is Sold Again, to Investor Group"
260:, led by businessman & former Chicago alderman
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501:Publishing companies disestablished in 2017
197:The company's assets included the multiple
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526:American companies disestablished in 2017
491:Publishing companies established in 2011
331:"Sun-Times Sold to Local Investor Group"
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169:, who died in 2011 after having led the
123:-based privately owned publisher of the
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210:Wrapports expanded in 2012, buying the
521:American companies established in 2011
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359:"Sun-Times Owner Buys Chicago Reader"
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300:Tareen, Sophia (December 22, 2011).
506:2017 disestablishments in Illinois
385:Feder, Robert (October 31, 2014).
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357:Channick, Robert (May 23, 2012).
511:2011 establishments in Illinois
228:, which went bankrupt in 2009.
163:Sun-Times Media Holding Company
408:Ember, Sydney (13 July 2017).
135:. It was headquartered in the
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516:2017 mergers and acquisitions
258:Chicago Federation of Labor
35:December 21, 2011
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486:Companies based in Chicago
464:Wrapports official website
173:out of a 2009 bankruptcy.
66:Chicago metropolitan area
52:Chicago, Illinois 60654,
50:350 North Orleans Street,
427:Armentrout, Mitchell.
496:Mass media in Chicago
159:Long Island, New York
93:Jim Kirk (Senior VP,
81:Michael W. Ferro, Jr.
165:from the estate of
86:Timothy P. Knight (
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414:The New York Times
433:Chicago Sun-Times
389:. RobertFeder.com
267:Chicago Sun-Times
237:The Straight Dope
126:Chicago Sun-Times
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199:Pulitzer Prize
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17:Wrapports LLC
441:. Retrieved
437:the original
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47:Headquarters
22:Company type
393:January 21,
233:Cecil Adams
61:Area served
475:Categories
284:References
239:") of the
83:(chairman)
73:Key people
39:2011-12-21
481:Wrapports
306:USA Today
204:Sun-Times
201:-winning
191:Sun-Times
178:Sun Times
171:Sun-Times
137:Sun-Times
270:and the
129:and the
121:American
119:was the
443:12 July
370:July 6,
342:July 6,
311:July 6,
226:Atlanta
154:Newsday
147:History
141:Chicago
105:Website
37: (
32:Founded
26:Private
241:Reader
218:Reader
278:Tronc
181:'
445:2017
395:2015
372:2012
344:2012
313:2012
224:of
157:on
95:EIC
88:CEO
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