At least two other bidders — including a group headed by former Chicago Alderman Edwin Eisendrath — are still in competition with Chicago Tribune owner tronc to buy the Chicago Sun-Times and the Chicago Reader, according to multiple sources.
With backing from the Chicago Federation of Labor, Eisendrath submitted a preliminary letter of intent to bid for the two publications before the 5 p.m. Monday deadline set by the U.S. Department of Justice Antitrust Division. Continue reading