Mediagazer: Wrapports buys the Reader (Michael Miner/Chicago Reader)

7:10 PM ET, May 23, 2012

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Michael Miner / Chicago Reader:

Wrapports buys the Reader — Wrapports LLC, the collection of high-flying investors who own the Sun-Times and Sun-Times Media, have added the Reader to their stable, buying this 41-year-old weekly-which the Wrapports news release chooses to call “iconic”—for slightly under $3 million.

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