CHICAGO — The Chicago Reader is set to be acquired by Portland-based media company Noisy Creek, a press release announced Tuesday.

The move serves as a reprieve from the Reader’s years-long struggles with financial hardship; earlier this year, the paper laid off six non-union staffers in a sudden move to reduce costs to avoid closure.

Now, with Noisy Creek’s ownership, the Reader sits at the vanguard of a new potential path to sustainability for local journalism.

The Reader was founded in 1971 and covers a wide range of news, arts and culture topics in the city, from food and drink to film and TV. It also provides robust coverage of music and the visual and performing arts. The publication’s offices are at 2930 S. Michigan Ave.

While the paper has changed hands many times in its more t

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