Fast growing MakeItBetter.net became metropolitan Chicago’s largest information and community networking source catering to suburban women Friday with the purchase of NorthShore Magazine’s assets, a 32-year-old publishing mainstay.
The purchase from Sun-Times Media Group comes six months after MakeItBetter.net launched a magazine companion to its 3-year-old popular Internet site. The website had over 35,000 unique readers in the first three months of 2010. The magazine—before this acquisition—was sent to more than 52,000 selected homes every month.
Deal Terms: Undisclosed
ACQ Web: http://MakeItBetter.net
Location: USA, Wilmette, IL
Region: North America
Description: Online resource and magazine for Chicago’s North Shore.
Contact: founder Susan B. Noyes
Vendor: Sun-Times Media Group
Vendor Web: http://suntimesnewsgroup.com
Business Sold: NorthShore Magazine
Web Link: http://www.northshoremag.com/cgi-bin/ns-article
Description: On March 31, 2009, Sun-Times Media Group, Inc. filed a voluntary petition to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The Company and its principal operating subsidiary, the Sun-Times News Group, continues to operate its newspapers and online sites as usual while it focuses on further improving its cost structure and stabilizing operations. Sun-Times Media Group has retained Rothschild Inc. to commence a process for the sale of assets pursuant to Section 363 of the U.S. Bankruptcy Code.
FDN Reference: F231109-398