Ingersoll Publications plans to hit the streets with a daily newspaper called the St. Louis Sun in the fall.
The morning paper will be a direct competitor of the St. Louis Post-Dispatch, the city’s only daily since the St. Louis Globe-Democrat closed in 1986.
The newspaper will be published seven days a week and will be operated directly by Ralph Ingersoll II, chairman and chief executive officer of Ingersoll Publications Co.
Ingersoll Publications Co. said the Sun will be committed to “active, constructive involvement in the community’s life” and will also emphasize sports.
Ingersoll will be chairman and editor in chief and Thomas M. Tallarico, a senior vice president of the Post-Dispatch, will be the publisher.
Tallarico submitted his resignation today.
Ingersoll said in the statement that his company has invested more than $100 million in the St. Louis area with its non-daily publications and is committing millions more to establish the Sun.
Ingersoll Publications, a privately held company that had revenues of more than $700 million in 1988, operates 40 daily newspapers and more than 150 non-daily newspapers.
Circulation of the Ingersoll group daily newspapers exceeds more than 1.25 million.