2011 12 21 headquarters 350 north orleans street chicago illinois 60654 united states area served chicago metropolitan area key people michael w. ferro jr. chairman timothy p. knight ceo jim kirk senior vp eic divisions sun times media group chicago reader website http www.wrapports.com wrapports llc is the american based privately owned publisher of the chicago sun times and the chicago reader . it is headquartered in the sun times building in chicago . contents 1 history 2 holdings 2.1 online only 3 references 4 external links history edit the company was launched in late 2011 by michael w. ferro jr. chairman and ceo of the private equity firm merrick ventures and timothy p. knight who was former publisher of newsday on long island new york during the time when it was owned by the tribune company . ferro and knight negotiated to purchase sun times media holding company from the estate of james c. tyree who died in 2011 after having led the sun times out of a 2009 bankruptcy . 1 ferro and knight said the name wrapports is meant to signify the rapport of new technology and the wrapping of a traditional print newspaper . they promised to transform the sun times print products into a true multi media experience for our users how they want it where they want it when they want it . 1 wrapports reached an agreement to purchase the sun times company in december 2011 debt free for a reported 20 million . tyree had paid 5 million cash and assumed 20 million in liabilities two years earlier . 2 sun times ceo jeremy halbreich who managed the company under tyree s ownership stepped down after wrapports took control of the company . he said he had not felt pressured to sell the newspaper but found wrapports to be a good match since jim passed away one of my principal concerns was ensuring that the company passed into the right set of hands . i came in on an assignment to try to save the newspaper and it evolved into something more . this just makes perfect sense for everybody . 2 the company s assets included the multiple pulitzer prize winning sun times seven suburban daily newspapers surrounding chicago in illinois and indiana and the pioneer press chain of weekly newspapers north and west of chicago . wrapports expanded in 2012 buying the chicago reader and its associated properties . no purchase price was disclosed though published reports estimated it at 3 million . the reader an award winning alternative weekly newspaper had been owned by creative loafing of atlanta which went bankrupt in 2009 . 3 wrapports online holdings include websites for each of its newspapers as well as standalone sites for classified advertising local high school sports and trivia expert cecil adams the straight dope of the reader . in december 2012 it was announced that wrapports will be closing all of its suburban offices and moving remaining employees downtown . citation needed in october 2014 wrapports sold its suburban chicago newspapers to the chicago tribune media group . 4 holdings edit chicago sun times website of chicago illinois chicago reader alternative weekly website of chicago online only edit centerstagechicago.com chicago s original city guide searchchicago.com automotive employment and real estate classifieds site straightdope.com online home of the straight dope trivia column originally in the chicago reader todrive.com automotive classifieds site sun times network a national news aggregator references edit a b tareen sophia december 22 2011 . chicago sun times is sold again to investor group . usa today . retrieved july 6 2012 . a b channick robert ; oneal michael ; yerak becky december 22 2011 . sun times sold to local investor group . chicago tribune . retrieved july 6 2012 . channick robert may 23 2012 . sun times owner buys chicago reader . chicago tribune . retrieved july 6 2012 . feder robert october 31 2014 . tribune buys suburban newspapers from sun times and sun times buys more time . robertfeder.com . retrieved january 21 2015 . external links edit wrapports official website v t e wrapports llc including sun times media group daily newspapers chicago sun times weekly newspapers chicago reader online holdings highschoolcube.com minority ownership straightdope.com yourseason.com sun times network retrieved from https en.wikipedia.org w index.php title wrapports & oldid 743369855 categories wrapportscompanies based in chicagocompanies established in 2011media in chicagonewspaper companies of the united stateshidden categories all articles with unsourced statementsarticles with unsourced statements from january 2013official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 10 26 . text is available under the creative commons attribution sharealike license ; 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