A big sigh of relief for the Sun-Times

suntimes.jpg

From the Tribune's media columnist, Phil Rosenthal, comes an update on the Chicago Sun-Times, the Tribune's partner in bankruptcy, but whose closing seemed imminent not long ago. 

Rosenthal describes a newspaper that is on a financially sounder basis, though at great sacrifice by the employees who gave up a bunch of benefits. (Would that the state's public employee unions were as realistic in the relationship with the all-but-bankrupt Illinois.)
The Sun-Times' backing away from the brink doesn't confirm that the future of newspapers is solid. Nor does it resolve the endless (and useless) fight between the "new" and "old."  But we in Chicago should be happy and proud of the people at the paper who are doing their damnedest to keep the city a two-newspaper town. Bravo. 

Comments

Leave a comment
  • What some posters there and you missed is that the Sun-Times is no longer in bankruptcy, at least the 100 papers. Tyree and group bought them out. While that doesn't guarantee readership, at least they have a source of capital.

    On the other hand, the last I heard, the Tribune was still in bankruptcy. Zell hadn't turned it over to the banks, and creditors are still pursuing fraudulent conveyance claims. At least according to the Tribune.

Leave a comment

  • Advertisement:
  • Advertisement:
  • ChicagoNow is full of win

    Welcome to ChicagoNow.

    Meet our bloggers,
    post comments, or
    pitch your blog idea.

  • Visit my new website

    I'm a freelance writer, editor and author. I can help you with a wide variety of projects. Check out my new website at www.dennisbyrne.net

  • Subscribe to The Barbershop

    Enter your email address:

    Delivered by FeedBurner

  • Dennis Byrne’s Facebook Fan Page

  • Like me on Facebook

  • Our National Debt

  • Twitter

  • Tags

  • Recent Comments

    • Although brief, this article gets to the heart of the illegality of the Obama Presidential Center plans. One thing not…
      Read the story | Reply to this comment
    • fb_avatar
      Unblocked game junction is those type of junction in which you can search a bulk game in only one web…
      Read the story | Reply to this comment
    • I like to think that even if the U.S. were to get socialized medicine, our constitution would prevent the government…
      Read the story | Reply to this comment
    • In reply to Aquinas wired:
      A little off the mark, there. I was responding to your point about politicizing tragic events. In other words, both…
      Read the story | Reply to this comment
    • And you are not for sensible gun control? If you aren't why complaint about a violent culture?
      Read the story | Reply to this comment
  • /Users/dennisby/Desktop/trailer.mp4
  • Latest on ChicagoNow

  • Advertisement: