It is considered a sister publication of Arcturus, which publishes original fiction, non-fiction, and poetry.

With an international audience and editorial scope, the magazine is also dedicated to shining a light on Chicago's literary scene and serving as a forum for literature in the Midwest.

Since 2016, the Chicago Review of Books Awards have honored exemplary works of fiction, nonfiction, poetry, and essays & short stories published by authors from the Chicagoland literary community.

The awards are voted on by a committee of Chicago booksellers and Chicago Review of Books staff, and past winners have included authors such as Rebecca Makkai, Eve L. Ewing, Mikki Kendall, Erika L. Sánchez, and more.

Named after the magazine's founding editor Adam Morgan, the award honors individuals for their contributions to the Chicago literary community through service, advocacy, and stewardship.