{"id":584875,"date":"2026-02-12T15:05:13","date_gmt":"2026-02-12T15:05:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/584875\/"},"modified":"2026-02-12T15:05:13","modified_gmt":"2026-02-12T15:05:13","slug":"suburban-chicagos-daily-herald-may-be-subject-of-bidding-war","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/584875\/","title":{"rendered":"Suburban Chicago&#8217;s Daily Herald may be subject of bidding war"},"content":{"rendered":"<p>A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.<\/p>\n<p>Weeks ago, the owners of the Herald disclosed to Illinois state regulators that they were exploring a sale to an undisclosed buyer.<\/p>\n<p>Now, Alden Global Capital, the owners of the Chicago Tribune, have said in the form of full-page ad in their own paper that they will pay a 30% premium over any other offer.<\/p>\n<p>The ad also said the Tribune could offer the best employment terms for Daily Herald employees.<\/p>\n<p>Meanwhile, <a href=\"https:\/\/localnewsinitiative.northwestern.edu\/posts\/2026\/02\/09\/daily-herald-alden-capital-shaw-media\/index.html\" target=\"_blank\" rel=\"nofollow noopener\">the Northwestern Local News Initiative reported<\/a> a third buyer may be in the mix too \u2014 Lee Enterprises, a Florida company controlled by billionaire David Hoffman.<\/p>\n<p>The Chicago Sun-Times recently reported there is also speculation that Crystal Lake-based Shaw Media, which owns newspapers and radio stations around Illinois and Iowa, might be a potential buyer.<\/p>\n<p>Daily Herald owner Paddock Publications issued a letter to the state on Jan. 6 providing notification of an upcoming sale as dictated by the Strengthening Community Act, according to the Northwestern Local News Initiative.<\/p>\n<p>The board of directors at Paddock shifted to an employee ownership model for the company in 2018, the initiative reported.<\/p>\n<p><a href=\"https:\/\/dailyheraldmediagroup.com\/about-us\/our-history\/\" target=\"_blank\" rel=\"nofollow noopener\">The Daily Herald dates back to 1872<\/a>, when it was founded by G.E. Earle as the Cook County Herald in Palatine, Illinois. Earle sold the paper in 1875, and the buyers n turn sold to H.C. Paddock in 1898.<\/p>\n<p>For many years, the Daily Herald was headquartered in a brutalist building at 155 E. Algonquin Rd. in Arlington Heights \u2014 a building that stood out as a landmark for drivers on the Jane Addams Memorial Tollway (I-90). Paddock sold the building and moved to an office building two blocks away in 2019.<\/p>\n<p>A Tribune Publishing affiliate bought the Daily Herald&#8217;s Paddock Printing Center in Schaumburg in 2023, reports noted.<\/p>\n<p>The Daily Herald covers the north, northwest, and west suburbs of Chicago.<\/p>\n<p class=\"content__tags__label\">In:<\/p>\n","protected":false},"excerpt":{"rendered":"A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.&hellip;\n","protected":false},"author":3,"featured_media":584876,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5124],"tags":[960,6609,5386,1818],"class_list":{"0":"post-584875","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chicago","8":"tag-chicago","9":"tag-chicago-tribune","10":"tag-il","11":"tag-illinois"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116058281056047322","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/584875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=584875"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/584875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/584876"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=584875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=584875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=584875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}