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Tribune Publishing Buys Splash From The Sun-Times

By Mike Ewing in News on Apr 18, 2016 9:08AM

Sun-Times’ lifestyle and entertainment insert Splash was acquired by alleged rival Tribune Publishing over the weekend, where it will remain under control of investor Michael Ferro.

Ferro used to head up the Sun-Times as chairman of Wrapports LLC, but he donated his shares to an unspecified “charitable trust” before spending $44.4 million on a controlling stake in Tribune Publishing.

As Splash joins the Tribune family, it will continue to be helmed by editor and publisher Susanna Homan, who worked with Ferro to launch it at the Sun-Times back in 2012.

Homan said in a memo that the two media companies decided—completely independently, of course—it made sense for her to remain in charge of Splash, according to the Tribune.

“Wrapports and Tribune Publishing decided that it made strategic sense for me to continue leading the Splash brand," Homan said.

Homan is already editor and publisher of Chicago magazine, but she didn’t indicate there were any plans to combine the two entities. Yet.