Cyrus Freidheim, CEO Of Sun-Times Media Group, Resigns, Says No Talks With Oprah
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Chicago News
Cyrus Freidheim said Wednesday he will resign as president and chief executive of the company that includes the Chicago Sun-Times.
Now that power has shifted on the board of Sun-Times Media Group Inc., Freidheim said he is voluntarily stepping aside. Freidheim, 73, hazarded no guesses as to a successor but said he hopes the board will consider internal candidates.
[...]
Freidheim would not discuss sale scenarios except to say there have been no discussions with talk-show host Oprah Winfrey, who has gushed over the Sun-Times' coverage of President Obama on her show.
"If we did go into bankruptcy, that would not mean the end of the company," Freidheim said. Tribune Co., owner of the Chicago Tribune, is operating under Chapter 11.
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Chicago Sun-Times | David Roeder | February 5, 2009 10:39 AM