Monday, October 5, 2009

No more Chicago Sun-Times suitors before deadline

No one else stepped forward with a bid for the bankrupt Chicago Sun-Times before a Monday evening deadline, leaving just one offer for the storied newspaper that's rapidly running out of the cash it needs to stay in business.

The standing offer for the parent company, the Sun-Times Media Group Inc., is from hometown investor Jim Tyree, who has insisted that workers agree to concessions before he'll seal the deal that could be the paper's last chance of survival.

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