Proposed sale of Sun-Times tronc Inc. delayed for other bids

The offices of the Chicago Sun-Times. | Getty Images file

The offices of the Chicago Sun-Times. | Getty Images file

The U.S. Department of Justice is giving extra time to some potential buyers for the Chicago Sun-Times.

In a note to staff early Wednesday, Publisher-Editor Jim Kirk updated his staff in a note that implied that there's been some interest displayed since the government essentially ordered the paper to run an ad soliciting bids.

Chicago-based Tronc, which owns the Tribune, Los Angeles Times and seven other major newspapers, announced May 15 it had entered into a nonbinding letter of intent to acquire Wrapports - whose properties include the Sun-Times and the Chicago Reader - for an undisclosed price.

"This does not change the time frame for the remainder of the process".

The Sun-Times, in consultation with the Department of Justice, extended the deadline from Thursday until June 5.

That deal with the Tribune has been seen as virtually assured after the Sun-Times corporate parents surveyed multiple possible bidders and came up dry.

Tronc's bid to acquire the Sun-Times still could be rejected by the DOJ on grounds that such a merger would violate laws created to curb concentrations of media ownership.

Both Wrapports and Tronc have said that if a Wrapports-Tronc deal goes through, Chicago would remain a two-newspaper town.

Two other bidders have expressed interest in challenging Tronc for the Sun-Times, according to David Roeder, a consultant with the Chicago News Guild, which represents newsroom employees at the Sun-Times.

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