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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.
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.

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