“A second suitor has emerged for the Chicago Sun-Times — hoping to keep Tronc, the owner of the Chicago Tribune, from owning both Windy City daily papers,” The New York Post reports.
Tronc’s bid for the paper is being reviewed by Washington regulators, the report notes. Meanwhile, the new bid is coming from Edwin Eisendrath, who once ran for governor of Illinois after serving as a Chicago alderman,
Eisendrath reportedly is backed by about 15 wealthy individuals and the Chicago Federation of Labor. The weekly Chicago Reader would be a part of the deal.
Eisendrath told The Post: “We’ve raised a lot of money already — nearly $15 million.” He added: “We think it is important to keep a second voice to serve the 99 percent.”