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Sun Times Media Group

Report: Sun-Times To Be Sold For More Than $20 Million

Posted 12.21.2011 | Chicago

The Chicago Sun-Times, the city's second biggest newspaper whose recent financial woes led to a bankruptcy declaration in 2009 and the recent erection...

Sun-Times Chairman Diagnosed With Stomach Cancer As More Layoffs Hit Newsroom

The Huffington Post | Jen Sabella | Posted 05.25.2011 | Chicago

Today was a rough one for employees of the Chicago Sun-Times. First, the newsroom lost at least five veteran employees to surprise layoffs. Then, colu...

Chicago Tribune, Sun-Times Lose Readers As Circulation Drops

Crain's Chicago Business | Ann Saphir | Posted 05.25.2011 | Chicago

Both of Chicago's daily metro newspapers had steep declines in circulation in the six months ended Sept. 30, signaling continuing difficulties in an i...

Chicago Sun-Times' Future Revealed At 5 P.M. Deadline

Fox Chicago | Patrick Elwood | Posted 05.25.2011 | Chicago

Today there is a critical deadline in the future of the Chicago Sun-Times....

Names Of New Sun-Times Owners Released

Huffington Post | Posted 05.25.2011 | Chicago

Businessman Jim Tyree released the names of his ten co-investors in the Sun-Times Media Group Friday. Besides Tyree, the CEO of Mesirow Financial Grou...

Sun-Times Sale To Tyree Group Completed

Chicago Sun-Times | DAVID ROEDER | Posted 05.25.2011 | Chicago

The sale of the parent company of the Chicago Sun-Times was completed today, as a local group of investors led by investment banker James Tyree became...

Chicago Sun-Times Eyes Online Pay Walls

Crain's Chicago Business | Ann Saphir | Posted 05.25.2011 | Chicago

While there's no panacea for the ills of the newspaper publishing business, small changes will help turn the tide at the money-losing publisher of Chi...

Sun-Times Sale: 6-Person Union Throws Wrench Into Deal

Chicago Tribune | Posted 05.25.2011 | Chicago

When a bankruptcy judge in Delaware approved Chicago financier Jim Tyree's $26.5 million bid to save Sun-Times Media Group Inc. from extinction last w...

Sun-Times Blames Circulation Drop On Price Increase

Chicago Sun-Times | Posted 05.25.2011 | Chicago

The Chicago Sun-Times reported a drop in overall weekday circulation in the past six months -- as the single-copy price jumped from 50 to 75 cents -- ...

Sun-Times May Have Another Interested Buyer

Crain's Chicago Business | Ann Saphir | Posted 05.25.2011 | Chicago

Move over, James Tyree: At least one other investor is considering bidding for Sun-Times Media Group Inc....

SouthtownStar Going Tabloid, Scrapping Saturday Edition

Chicago Tribune | Phil Rosenthal | Posted 05.25.2011 | Chicago

Sun-Times Media Group's south suburban SouthtownStar newspaper is eliminating its Saturday edition in favor of a Sunday-through-Friday publication sch...

Sun-Times Skips Employee Pension Plan Payments

Crain's Chicago Business | Ann Saphir and Lorene Yue | Posted 05.25.2011 | Chicago

Sun-Times Media Group Inc. has skipped paying its quarterly contribution into several employee pension plans....

Bankrupt Sun-Times Looks To Pay Bonuses To 20 Executives

Crain's Chicago Business | Lorene Yue | Posted 05.25.2011 | Chicago

Sun-Times Media Group Inc., which has been slashing jobs and closing down newspapers to cut costs, wants to pay 20 employees up to $1.8 million in bon...

Sun-Times Group Laid Off 10 Percent Of Non-Union Staff Last Week

Crain's Chicago Business | Posted 05.25.2011 | Chicago

Sun-Times Media Group Inc. cut about 140 jobs companywide last week as it tries to trim costs during its bankruptcy reorganization....

Could Oprah Be The Sun-Times' Savior?

Chicago Tribune | Phil Rosenthal | Posted 05.25.2011 | Chicago

[Oprah] Winfrey, a wealthy Chicagoan who presides over a multimedia empire, has sung the praises of the Sun-Times in recent months with an evangelisti...

Cyrus Freidheim, CEO Of Sun-Times Media Group, Resigns, Says No Talks With Oprah

Chicago Sun-Times | David Roeder | Posted 05.25.2011 | Chicago

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...

Sun-Times Media Group Folding 12 Suburban Papers In Cost-Cutting Move

Crain's Chicago Business | Ann Saphir | Posted 05.25.2011 | Chicago

Sun-Times Media Group Inc. plans to fold 12 of its suburban papers as it seeks to trim expenses amid plunging advertising revenue. The company, which ...

Sun-Times Owner To Cut Unprofitable Papers

Crain's Chicago Business | Ann Saphir | Posted 05.25.2011 | Chicago

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 commu...

Top Shareholder Supports Ousting Sun-Times Board

Crain's Chicago Business | Ann Saphir | Posted 05.25.2011 | Chicago

Sun-Times Media Group Inc.'s third-largest shareholder has thrown its weight behind an effort to oust the board of the beleaguered newspaper company. ...

Jailed Media Baron Conrad Black Hoping For Bush Pardon

Globe and Mail | Sinclair Stewart and Paul Waldie | Posted 05.25.2011 | Chicago

Conrad Black is pinning his hopes on clemency from U.S. President George W. Bush as a last-ditch effort to get out of jail early, and he wants his for...

Ailing Sun-Times Media Group Cutting Board Members

Chicago Tribune | Phil Rosenthal | Posted 05.25.2011 | Chicago

The Sun-Times Media Group has moved to lighten its load--in the board room and on its ledgers--in the face of pressure from top shareholders agitating...

Sun-Times Plans More Cuts After $168M Loss

Crain's Chicago Business | Ann Saphir | Posted 05.25.2011 | Chicago

Sun-Times Media Group Inc. said it lost $168.8 million in its third quarter as revenue sank amid a weak economy. Ad sales in Chicago dropped 19% in t...