CHICAGO _ The owner of the Chicago Tribune has entered into a nonbinding letter of intent to buy the Chicago Sun-Times, providing a lifeline to the scrappy but struggling tabloid.
In an announcement Monday afternoon, Tronc, which operates newspapers including the Tribune and the Los Angeles Times, said that Wrapports, the Sun-Times owner, will officially put the paper on the block Tuesday, and that a deal will be struck with Tronc if no other bidders emerge by June 1.
The announcement also said the Sun-Times will remain an independent newsroom.
