Board of WBEZ parent company approves acquisition of Chicago Sun-Times

The board that controls public radio station WBEZ on Tuesday approved the acquisition of the Chicago Sun-Times, taking a major step forward in a deal to create one of the largest nonprofit news organizations in the country.

The noncash transfer will not be final until contracts are approved, but both media organizations said they hope for a closing on or about Jan. 31. Under the deal, the Sun-Times would become an independent operation of WBEZ’s owner, Chicago Public Media, and convert from for-profit to nonprofit status.

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