W ra pport s " ▁is ▁meant ▁to ▁sign ify ▁the ▁" ra pport " ▁of ▁new ▁technology ▁and ▁the ▁" w ra pping " ▁of ▁a ▁traditional ▁print ▁newspaper . ▁They ▁promised ▁to ▁transform ▁the ▁Sun ▁Times ▁print ▁products ▁into ▁" a ▁true ▁multi - media ▁experience ▁for ▁our ▁users ▁— ▁how ▁they ▁want ▁it , ▁where ▁they ▁want ▁it , ▁when ▁they ▁want ▁it ." ▁ ▁W ra pport s ▁reached ▁an ▁agreement ▁to ▁purchase ▁the ▁Sun - Times ▁company ▁in ▁December ▁ 2 0 1 1 , ▁deb t - free , ▁for ▁a ▁reported ▁$ 2 0 ▁million . ▁Ty ree ▁had ▁paid ▁$ 5 ▁million ▁c ash , ▁and ▁assumed ▁$ 2 0 ▁million ▁in ▁li abilities , ▁two ▁years ▁earlier . ▁ ▁Sun - Times ▁CE O ▁Jer emy ▁Hal bre ich , ▁who ▁managed ▁the ▁company ▁under ▁Ty ree ' s ▁ownership , ▁stepped ▁down ▁after ▁W ra pport s ▁took ▁control ▁of ▁the ▁company . ▁He ▁said ▁he ▁had ▁not ▁felt ▁press ured ▁to ▁sell ▁the ▁newspaper , ▁but ▁found ▁W ra pport s ▁to ▁be ▁a ▁good ▁match : ▁" Since ▁Jim ▁passed ▁away , ▁one ▁of ▁my ▁principal ▁concerns ▁was ▁ens uring ▁that ▁the ▁company ▁passed ▁into ▁the ▁right ▁set ▁of ▁hands . ▁I ▁came ▁in ▁on ▁an ▁assignment ▁to ▁try ▁to ▁save ▁the ▁newspaper , ▁and ▁it ▁evol ved ▁into ▁something ▁more . ▁This ▁just ▁makes ▁perfect ▁sense ▁for ▁everybody ." ▁ ▁The ▁company ' s ▁assets ▁included ▁the ▁multiple ▁Pul itzer