Breaking Tweets Chicago

Sun-Times, Tyree strike deal to continue newspaper's operation

BY LISA FRANKLIN

Today marks a new beginning for Chicago and its newspaper business. The Sun- Times Media Group has agreed to a deal with James C. Tyree, CEO of Mesirow Financial Inc. This deal will potentially save the Chicago Sun-Times and several suburban weeklies in the Chicagoland area.

Chicago currently has both daily newspapers, the Chicago Tribune and the Chicago Sun-Times, in bankruptcy.

  1. Larry Hamel
    LPHAMEL Looks as if Chicago Sun-Times might live to fight another day. Newspaper Guild votes 89-29 to accept demands of potential buyer Jim Tyree.
  2. 1stHeadlines Chicago
    ChicagoNewsHeds Chicago (IL) Tribune-Business: Sun-Times union takes Tyree deal
  3. PRNfinance
    PRNfinance Ritchie Offers Sun-Times Union and Buyer Congrats,: CHICAGO, Oct. 7 /PRNewswire/ -- Thane Ritchie, founder of R.. http://bit.ly/za7PX
  4. Greg Hinz
    GregHinz They won't get full pay or benefits, but good for the folks at the Sun-Times. And good for Chicago, a two newspaper town.
  5. SkyGrid
    SkyGrid Executives, unions closer to Sun-Times sale (http://bit.ly/4CtA3z) - Seattlepi | SkyGrid

All across the country, the newspaper business has not escaped the recession. Some newspapers are making necessary budget cuts to stay in circulation, while some have folded all together. It was in February when Rocky Mountain News, one of Denver's two daily newspapers, closed down. Denver is left with one daily newspaper, the Denver Post.

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2 Comments

Mel said:

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The Trib's in bankruptcy? What?
p.s. Boooo Sun-Times!

Craig Kanalley said:

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Technically, yes. And lol at your p.s. I respect your passion but I have friends at Sun-Times too :-)

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