03/12/2012 12:01 pm ET Updated May 12, 2012

Chicago Reader On The Auction Block; Sun-Times Solicited As Buyer

(Crain's) -- The owner of the Chicago Reader has put the alternative weekly on the sales block, hiring a Dallas firm to help shop the paper, according to sources familiar with solicitations for a sale.

The firm handling the talks, Bulkey Capital L.P., has talked with at least two Chicago-area parties, but no deal seemed imminent, the sources said. The Chicago Sun-Times is one of the potential buyers that was approached, they said. Sun-Times CEO Tim Knight declined to comment.

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