How Labor Unions and a Former Alderman Plan to Transform the Chicago Sun-Times

For half the $2 cover price of a single Sunday Sun-Times, a former Chicago Alderman, Edwin Eisendrath, and an investor group bought the newspaper last Wednesday.

A buck – along with a pledge to spend $11.2 million – is about as low as it gets for a news operation, but Eisendrath, who also is managing partner at StrateSphere, might have negotiated the best media deal in history. Time will tell.

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