NEW LAW IN 2025: Illinois media companies must report 120 days before out-of-state sale
SPRINGFIELD (The Center Square) – Among the nearly 300 new laws set to take effect Jan. 1 in Illinois is one impacting potential sales of local media outlets to out-of-state buyers. Senate Bill 3592 passed the Senate in April. Sponsor of the bill state Sen. Steve Stadelman (D-Rockford) said it requires local media outlets looking to sell to an out-of-state buyer to provide a 120-day notice to the state and their staff. “Private equity firms are coming and buying newspapers, consolidating them […]
