Chicago Tribune Signs Deal to Buy Daily Herald

Tribune Publishing strikes 11th-hour deal to buy Daily Herald, outbidding suburban suitor

It took several full-page ads, an 11th-hour bid and ostensibly a premium price, but Tribune Publishing has swooped in and struck a deal to buy the employee-owned...

Chicago Tribune strikes 11th-hour deal to buy Daily Herald, outbidding suburban suitor – Chicago Tribune/Yahoo

Founded in 1872 as the Cook County Herald, the suburban Chicago newspaper has grown into the third-largest daily print publication in Illinois, with a current circulation of 52,410, according to its website.

Chicago Tribune reaches deal to buy suburban Daily Herald

The parent company of the Daily Herald on Thursday announced the sale of the newspaper to the Chicago Tribune.According to a memo addressed to employees from the Paddock Publications board of directors, many factors were considered in approving the sale, including the ongoing secular decline in the newspaper business, the need for future cost-cutting and the overall future trends in the industry. The deal is expected to close June 22. Terms were…

Chicago Tribune signs deal to buy Daily Herald

The Chicago Tribune has signed a deal to buy the Daily Herald after the Paddock Publications Board of Directors voted to approve the sale.

Chicago Tribune strikes 11th-hour deal to buy Daily Herald, outbidding suburban suitor

The board of Paddock Publications, which operates the Daily Herald, sent an email to employees Thursday afternoon announcing that an asset purchase agreement has been signed, with a scheduled June 22 closing date.

Paddock enters purchase agreement with Chicago Tribune

The Paddock Board of Directors voted unanimously Thursday to sell the Daily Herald to the Chicago Tribune.