WRAPPORTS




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Wrapports


Wrapports LLC
Type Private
Founded December 21, 2011 (2011-12-21)
Headquarters 350 North Orleans Street,
Chicago, Illinois 60654, United States
Area served Chicago metropolitan area
Key people
  • Michael W. Ferro Jr. (chairman)
  • Timothy P. Knight (CEO)
  • Jim Kirk (Senior VP, EIC)
Products Seven daily newspapers, 33 weekly newspapers
Divisions Sun-Times Media Group
Chicago Reader
Website SunTimesMediaHoldings.com

Wrapports LLC is the American-based privately owned publisher of the Chicago Sun-Times, the Chicago Reader, and more than three dozen other daily and weekly newspapers in the Chicago market of northern Illinois and Indiana. It is headquartered in the Sun-Times building in Chicago.


Wrapports History


The company was launched in late 2011 by Michael W. Ferro Jr., chairman and CEO of the private equity firm [1]

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 Sun Times' print products into "a true multi-media experience for our users — how they want it, where they want it, when they want it."[1]

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.[2]

Sun-Times 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 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."[2]

The company's assets included the multiple Pulitzer Prize-winning Sun-Times, seven suburban daily newspapers surrounding Chicago in Illinois and Indiana, and the Pioneer Press chain of weekly newspapers north and west of Chicago.

Wrapports expanded in 2012, buying the Chicago Reader and its associated properties. No purchase price was disclosed, though published reports estimated it at $3 million. The Reader, an award-winning alternative weekly newspaper, had been owned by Creative Loafing of Atlanta, which went bankrupt in 2009.[3]

Wrapports' online holdings include websites for each of its newspapers as well as standalone sites for classified advertising, local high school sports, and two of the company's most famous columnists, film critic Roger Ebert of the Sun-Times and trivia expert Cecil Adams ("The Straight Dope") of the Reader.

In December 2012, it was announced that Wrapports will be closing all of its suburban offices and moving remaining employees downtown.[citation needed]


Wrapports Holdings


Wrapports publishes seven daily newspapers, one tri-weekly and 32 weeklies:


Wrapports Dailies


Wrapports Weeklies

Further information: Chicago Reader, Naperville Sun and Pioneer Press

Wrapports' largest-circulation weekly is the Chicago Reader, a nationally renowned alternative weekly newspaper. It also owns the Naperville Sun, a former daily that now publishes three days per week, and Pioneer Press, which publishes 31 weekly newspapers in six regions of northeast Illinois. Clusters located in Cook County are named for their geographic position relative to Chicago ("North", "Near Northwest", etc.). Lake County is north of Cook County; the "Doings" group includes communities west of Chicago in both Cook and DuPage counties.[4]


Wrapports Online only


Wrapports References


  1. ^ a b Tareen, Sophia (December 22, 2011). "Chicago Sun-Times Is Sold Again, to Investor Group". USA Today. Retrieved July 6, 2012. 
  2. ^ a b Channick, Robert; Oneal, Michael; Yerak, Becky (December 22, 2011). "Sun-Times Sold to Local Investor Group". Chicago Tribune. Retrieved July 6, 2012. 
  3. ^ Channick, Robert (May 23, 2012). "Sun-Times Owner Buys Chicago Reader". Chicago Tribune. Retrieved July 6, 2012. 
  4. ^ "Wrapports: Pioneer Press Publications". SunTimesMediaHoldings.com. Retrieved July 6, 2012. 

Wrapports External links




| Wrapports | Chicago_Reader | Michael_W._Ferro,_Jr. | Creative_Loafing | Sun-Times_Media_Group | Mark_Tebbe | Chicago_Sun-Times | Barrington,_Illinois | List_of_newspapers_in_the_United_States_by_circulation | DashCon | Joe_Mansueto | AIM_Media_Texas | Munster_High_School | Dan_Deacon:_U.S.A. | Green_Lantern_(Six_Flags_Great_Adventure) | Goliath_(Six_Flags_Great_America) | List_of_companies_in_the_Chicago_metropolitan_area | My_World_(EP) | The_Evil_Dead | Formula,_Vol._1

Copyright:
Dieser Artikel basiert auf dem Artikel http://en.wikipedia.org/wiki/Wrapports aus der freien Enzyklopaedie http://en.wikipedia.org bzw. http://www.wikipedia.org und steht unter der Doppellizenz GNU-Lizenz fuer freie Dokumentation und Creative Commons CC-BY-SA 3.0 Unported. In der Wikipedia ist eine Liste der Autoren unter http://en.wikipedia.org/w/index.php?title=Wrapports&action=history verfuegbar. Alle Angaben ohne Gewähr.

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