"Local stays local," tweeted WGN news anchor Ben Bradley, minutes after my story broke Thursday about the sale of Paddock Publications, owner of the Daily Herald, Robert Feder writes. In converting the company fully to an Employee Stock Ownership Plan, the fourth-generation descendants of founder Hosea C. Paddock assured that the newspaper would remain under local control for the foreseeable future. The same could be said of the day's other big media news -- the appointment of Windy City Times founder Tracy Baim as publisher of the Chicago Reader under the new ownership of a local investment group. Get the full report and more Chicago media news at robertfeder.com.
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