...for jettisoning (or letting go) columnist Rob Feder. Time Out Group has purchased Time Out Chicago and one of the casualties is the popular and outstanding media reporter/critic Robert Feder.
The deal, valued at a reported $4 million, was struck with Time Out Chicago owner Joe Mansueto, who launched the publication in 2005. Mansueto is also CEO of Morningstar Inc. and an investor in Wrapports LLC, which owns the Chicago Sun-Times and Chicago Reader.
"Starting from nothing eight years ago, Time Out Chicago has built a large and loyal audience for its entertainment and cultural coverage," Mansueto said in a statement. "I'm proud of our staff and the terrific work they did to get us to this point. I look forward to the next stage of Time Out Chicago's growth as it becomes more fully integrated into its global parent."
Feder is a long-time and respected Chicago journalist who has won a loyal following for his exclusive reporting, bright writing and respectful tone of his column. (His Tweets are here.) Mansueto should know this but the new owners, in their determination to unify the "brand" across its network of big city publications are overlooking or ignoring important local knowledge. Yet another example of new out-of-town owners "not knowing the territory," a situation that has plagued Chicago journalism.
Wherever Feder next appears--and I'm certain that he will--I hope he kicks Time Out's ass.
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