Overview
International law firm McDermott Will & Emery represented Chicago Public Media/WBEZ, one of the largest and most respected public media organizations in the country, in its acquisition of the Chicago Sun-Times, the second largest newspaper circulation in Chicago. This partnership will provide more than 2 million people in the Chicago area news across broadcast, print and digital channels as one combined local nonprofit organization.
- The transaction closed on January 31, 2022 following a vote by the Chicago Public Media Board of Directors to move forward with this acquisition on January 18, 2022.
- This transaction follows the organization’s fall 2021 non-binding letter of intent for the Chicago Sun-Times to become a subsidiary of Chicago Public Media, creating one of the largest local nonprofit news organizations in the nation and emerging as a national model for the future of local journalism.
- The McDermott team was led by John Tamisiea and included Nick Greiner, Daniel Marino, Brandon Sarkauskas, Robert Louthian, Rick Stepanovic and Sarah Engle.
- Read Chicago Public Media’s press release here.
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
