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UPDATED: details of new ownershipmodel at Chicago Sun-Times Media

Discussion in 'Journalism topics only' started by The Basement, Dec 21, 2011.

  1. The Basement

    The Basement Member

    Haven't seen much on this in the last couple of weeks:

    (EDIT: thread title) Company sold to an internet holding group: http://www.chicagobusiness.com/article/20111221/BLOGS03/111229937/new-sun-times-will-move-toward-specialized-content-online

    Anyone with experience with Mr. Knight, or this business model?
    the new CEO of the Chicago Sun-Times said Chicago can still support multiple newspapers and that Wrapports LLC, the company taking over the newspaper, will focus on "portals" or verticals, as they are known in the online world, to deliver specialized content to readers.

    "We want to use technology to create, disseminate and present content to people," said Mr. Knight, who confirmed the sale. "We want the content to be highly relevant to them (subscribers). We want it to be extremely customer-focused."




    Prior to this news, another dozen or so (maybe more?) employees were laid off from its Chicago and suburban papers (shortly after Crain's Chicago Business first reported this sale about two and a half weeks ago).

    Also, the group is introducing a NY Times-inspired pay wall: http://www.suntimes.com/9284143-417/sun-times-media-online-sites-to-begin-metered-pay-plan.html
    Online subscriptions will be $1.99 per four weeks for home-delivery customers. Digital-only subscribers will be charged $6.99 every four weeks, or they can pay $77.87 for yearlong access.

    This follows the Daily Herald's pay wall, which this story says "installed a metered system last summer, charging non-print subscribers $19.99 per month after 15 page views."
     
  2. steveu

    steveu Well-Known Member

    Re: Changes/layoffs/new ownership at Chicago Sun-Times Media

    Just saw this break on Tribune last night. I guess the good thing is the majority of the investors live in Chicago and have a stake in keeping this paper afloat.

    Sun-Times does well with what its resources are. Hopefully this stops the bleeding.
     
  3. The Basement

    The Basement Member

    Re: Changes/layoffs/new ownership at Chicago Sun-Times Media

    Oh - those layoffs the last 2 weeks hit the design desks and sports desk very hard. Sports writers from at least 4 papers were let go.
     
  4. LanceyHoward

    LanceyHoward Active Member

    Does the Tribune have a paywall? I can't see the Sun-Times or the Southtown papers getting many on-line subscribers if the Trib is free on-line.
     
  5. The Basement

    The Basement Member

    No - the Chicago Tribune does not yet have a paywall, but it seems to be coming - Baltimore is experimenting with one, I think.
     
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