Tuesday, June 30, 2009

Sun chain emerges from bankruptcy cutting staff, possibly papers

David Brauer writes:

Friday was the first day of the rest of Minnesota Sun Newspapers' life, which meant the end of more careers and probably some of the suburban chain's stand-alone weeklies.

Creditors officially took over the Sun's corporate parent, American Community Newspapers, June 26, according to a memo by still-CEO/President Gene Carr. That makes Sun the first local chain to exit bankruptcy ... and the only one that will leave the executive who created the mess in place.

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