Per: JAMES FOSTER/FOR THE SUN-TIMES
The Reader is being sold to a group led by Chicago Crusader publisher Dorothy Leavell.
Sun-Times CEO Edwin Eisendrath announced the sale Friday afternoon at the Rainbow PUSH Convention in Chicago. The Sun-Times has owned the Reader since 2012.
"I'm here to say that the future of the Reader is in African-American ownership," he said at the Hyatt Regency Chicago. "You're about to have a major publication in Chicago that is African-American owned."
Leavell told the crowd: "I am so honored to have had an opportunity to stand here to say to you that not only am I the publisher of the Chicago Crusader and the Gary Crusader but now the Chicago Reader."
She vowed to continue the Reader's tradition of investigative reporting and cultural coverage and to expand it throughout the city.
The announcement got a standing ovation at the convention.