Joliet Herald News to be Sold to Shaw Media, ChicagoBusiness.com Reports

Could be first of a few suburban titles the Chicago Sun-Times gives up.

The Herald News newspaper in Joliet will be sold to Shaw Media, the Dixon, IL-based publishing company owned by the Shaw family, according to ChicagoBusiness.com.

The Herald News is owned by Wrapports LLC, parent company of the Chicago Sun-Times, and the sale could be announced later this week, reports Lynne Marek.

Shaw Media, which owns the Northwest Herald in Crystal Lake, the Morris Daily Herald, the Chronicle in DeKalb and the Daily Chronicle in St. Charles, has been adding to its suburban Chicago holdings in recent years with the purchase of Suburban Life, based in DuPage County, from Gatehouse Media.

Crain's Chicago Business reported last month that The Herald News could be the first of several suburban newspapers the Chicago Sun-Times relinquishes to new owners. Circulation of the newspaper is reported at 24,510 weekdays and 28,070 Sundays, according to the Alliance for Audited Media, a decrease of 2.2 percent weekdays and 1.5 percent Sundays from a year ago. In the mid-to-late 1990s, at its peak circulation, The Herald News was a 50,000-circulation daily.

The Sun-Times owners, led by Michael Ferro, reportedly paid $20 million for the Sun-Times and its suburban papers in December 2011 and invested $40 million in the publishing operation the last two years. Disappointed in the performance of the newspapers, the company is said to be turning more attention to its digital media projects. 

In August, the Sun-Times notified the Chicago Tribune, which prints and delivers all Sun-Times-owned newspapers, including The Herald News, that it would cancel its printing and distribution contract in 2015. The Tribune reported that the Sun-Times was late making its monthly payments for the printing services.

Earlier this year, The Herald News and other Sun-Times suburban newspapers closed their business offices and moved all operations to the company's downtown Chicago building.

Crain's is also reporting that the Sun-Times is seeking a capital investment from a European investor.
Herc December 22, 2013 at 12:07 PM
Circulation is dropping because of lack of local news reporting. Hopefully the new owner will give better local news.
Kristine Neumann December 22, 2013 at 12:17 PM
Herc, maybe circulation is dropping because you can get the news on the Internet.
Clutche December 22, 2013 at 12:33 PM
There are hundreds of reasons why their circulation plummeted all of which were initiated by the Sun-Times
Herc December 22, 2013 at 12:40 PM
@Kristine, you're right you can get a lot of news on the internet. But, there still is a generation living that go old school with actually reading a paper issue. There are a few news agency, that are now charging internet viewers a fee to read online. The way of the future I guess, charging a fee for internet news.
lady di December 22, 2013 at 04:12 PM
one reason would have to be the GIANT jump in advertising rates from $40.00 ish or $150.00 ish minimum for an obit!! Are they crazy??
Ex Jolietian December 22, 2013 at 05:54 PM
I agree Lady. Many years ago my business had an advertising contract with The Joliet Herald News. When it became part of the Sun Times rates went up... font size went down and so did the size of the column width. Advertisers voted with their feet.
seer December 22, 2013 at 08:02 PM
The Herald Snooze has a couple of local stories and the rest is copied verbatim from that uber-lefty ragThe Sun-Times. The only problem is with less and less local reporting the corruption in govt gets larger with no oversight from the media- of course the media is also to blame as they have become patsies for the govt pretty much since the 90s.
seer December 22, 2013 at 08:05 PM
speaking of shoddy reporting where is the story about Sherriff Kaupus that was on the Shorewood Patch but not the Joliet Patch?
Stuart Pearson` December 23, 2013 at 08:36 AM
At one time after Randy Chapman had departed the HN I dropped my subscription. I received a call from someone at the paper asking why. My response was that due to the lack of quality in the articles that I felt my money was better spent purchasing TP. IF the HN is to be a Phoenix ands rise out of the ashes then it must do so with an Editor like Randy Chapman.
seer December 23, 2013 at 10:16 AM
@stuart- do you really think they want to hire someone that does actual news stories or just a low paid flunkey to publish stories off of the AP/Rotshschild's Reuters wire?
Marcella Arnold December 23, 2013 at 11:08 AM
Personally I like sitting at the table & reading paper while I drink my coffee.Don't have to worry about getting coffee spills on paper like I would a keyboard.
Tony December 23, 2013 at 11:19 AM
I could care less about Chicago, when I pick up the Joliet Herald news I want to read about Joliet and nearby communitys. We already have enough riffraff from Chicago to read about.
Jacqueline Priovolos December 23, 2013 at 12:04 PM
I've heard Shaw is a horrible chain. I hope they survive.
Tony December 24, 2013 at 11:10 AM
I haven't seen hardly anything in any newspaper about the 1.3 million people who are losing unemployment benefits on the 28th.You would think they would be telling the public how the goverment (Congress) just went on vacation and said they would look at it when they decide to come back to work. Thats and example of how our Goverment treats the voters, they will do their jobs when and if they feel like, there was plenty of time to pass legislation thru the house and Senate, the Senate was there, but Congress didn't want the vacation spoiled by work, they have to spend every available minute trying to ruin the ACA.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »