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Sun-Times Owner To Cut Unprofitable Papers

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First Posted: 12-19-08 06:37 PM   |   Updated: 01-19-09 05:12 AM

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Read More: Chicago Sun-Times, Economy, Newspaper Industry, Newspapers, Riskmetrics Group, Securities And Exchange Commission, Sun-Times Cuts, Sun-Times Media Group, The Beacon News, The Herald News, The Naperville Sun, The SouthtownStar, Chicago News
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Crain's Chicago Business:

Sun-Times Media Group Inc. said its ongoing cost-cutting efforts will reduce it to a "fraction" of its current size.

The company, which runs 70 community papers in addition to its flagship Chicago daily, plans to eliminate "several" unprofitable titles next year, it said in a presentation made to proxy adviser Riskmetrics Group and filed with the Securities and Exchange Commission Friday. The reduction is part of a previously announced plan to trim $50 million in expenses.

Read the whole story: Crain's Chicago Business

Sun-Times Media Group Inc. said its ongoing cost-cutting efforts will reduce it to a "fraction" of its current size. The company, which runs 70 community papers in addition to its flagship Chicago da...
Sun-Times Media Group Inc. said its ongoing cost-cutting efforts will reduce it to a "fraction" of its current size. The company, which runs 70 community papers in addition to its flagship Chicago da...
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- davidwayneosedach I'm a Fan of davidwayneosedach 16 fans permalink

That is bad news. I like the Sun Times.

    Favorite    Flag as abusive Posted 09:40 PM on 12/19/2008
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