What are the most popular newspapers in the Chicago area?
The Chicago Tribune is a major daily newspaper based in Chicago, Illinois, United States, and the flagship publication of the Tribune Company. Formerly self-styled as the “World’s Greatest Newspaper” (for which WGN radio and television is named), it remains the principal daily newspaper of the Chicago metropolitan area and the Midwestern United States and is currently the 8th largest newspaper in America by circulation (and the second largest under Tribune’s ownership behind Los Angeles Times. On April 2, 2007, the Tribune announced a buy-out plan worth $8.2 billion. It will be associated with a stock buy back at $34 per share, and an Employees Stock Ownership Plan. The new chairman is Chicago real estate magnate Sam Zell. Also as part of the deal the Chicago Cubs and their park, Wrigley Field, will be sold, as well as the Tribune’s share of Comcast SportsNet Chicago.On December 8, 2008 the parent company filed for Chapter 11 bankruptcy protection. ————————————-
