Tuesday, September 8, 2009

Chicago investor group submits bid for Sun-Times

Struggling newspaper publisher Sun-Times Media Group said Tuesday that a private investor group led by Chicago banker James Tyree will bid $5 million in cash for its assets in a bankruptcy court auction.

The group, called STMG Holdings LLC, also would assume about $20 million of Sun-Times' liabilities, the company said.


}}} full story {{{
.

No comments: