The Chicago Tribune is reporting that it has purchased the Daily Herald.
Here is what the Paddock’s Board of Directors said an email to employees, according to the Tribune
This has been a long and arduous road, beginning more than a year ago with an unsolicited offer from Shaw Media to purchase the Daily Herald,” the Paddock board said in the email. “While a special committee of Paddock’s Board of Directors and the board itself were reviewing the offer, the Chicago Tribune announced that it would also make a bid.”
Paddock is an employee-owned corporation.
