new laws in Illinois

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Illinois media newspapers

Illinois

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 […]

todayDecember 22, 2024 388 2

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Heartland Media Group of Central Illinois & Eastern Missouri
107 W. State Street PO Box 149
Nokomis, IL 62075
Tel: (866) 420-7790

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