The publisher of the Daily Herald filed notice with the state earlier this month that it is considering a sale of the northwest suburban newspaper.
In a Jan. 6 letter to the Department of Commerce and Economic Opportunity, Paddock Publications said it was notifying the state and its employees 120 days before the potential sale, a requirement of a new law to support the dwindling number of local news outlets across Illinois.
Executives at Paddock Publications did not respond to a request for comment, and the name of the prospective buyer was not disclosed in the filing.
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jimhart
First worked with the Paddock family over 40 years ago. Remember Stu Paddock, then around 80, showing up at Inland seminars and taking notes and asking great questions. They were the gold standard of suburban newspapers. They had the best of the best running the show. Especially enjoyed collaborating with Jim Walsh, their long time Ad VP. It's amamzing they managed to remain independant all these years.
Wednesday, January 21 Report this