Wednesday, September 30, 2009

Unions could hold key to fate of Chicago Sun-Times

A hometown investor has offered the unions at the Chicago Sun-Times a take-it-or-leave-it proposal to buy the company in bankruptcy court, and the unions just might leave it — snuffing out what could be the best hope for survival of the city's oldest continuously published daily.

There's no line of eager buyers at the Sun-Times' door. And it seems unlikely parent company Sun-Times Media Group could do much to woo other investors in an era of free Internet news that has already seen the demise of other second newspapers in two-newspaper towns such as Seattle and Denver.

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