The Chicago Sun-Times announced significant layoffs, shedding 23 newsroom employees, representing more than 20% of its staff. This bold move reflects the financial difficulties the outlet faces since its acquisition by Chicago Public Media in January 2022. The merger initially garnered $61 million in donations but has fallen short of financial targets, leading to pressing pressure for operating improvements. The forthcoming expiration of grant funding at the end of 2026 exacerbates challenges ahead, raising concerns over potential loss of audience engagement due to the departure of veteran journalists.
The financially troubled Chicago Sun-Times announced Tuesday that it is shedding 23 newsroom employees through buyouts, more than 20% of staff. Among those departing are some of the paper's best-known journalists.
The merger attracted $61 million in donations and pledges from foundations and individuals, including Chicago's philanthropy's heaviest hitters. Unfortunately, the launch grants are due to expire at the end of 2026.
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