The announcement Monday follows a leave of absence by Wright this month that generated speculation of her impending departure.
Chicago Public Media CEO Matt Moog will “work directly” with Sun-Times management to oversee day-to-day operations going forward, according to a news release.
“I will miss leading this storied institution, but all good things eventually must come to an end,” Wright said in the news release. “I look forward to sharing my future plans soon.” In June, the Sun-Times named Jennifer Kho, the former managing editor of Huffpost and Guardian US, as its executive editor under Wright. She will now report to Moog, according to the news release.Chicago Public Media raised $61 million in philanthropic support to finance the merger, with the money pledged over five years to fund the Sun-Times operation, including commitments to deepen and broaden its journalism, maintain the print newspaper and invest in a digital transformation.
In 2009, a group led by former Mesirow CEO Jim Tyree rescued the Sun-Times from bankruptcy, paying $5 million in cash and taking on $20 million in liabilities.
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