Sun-Times Media Group weighs possible sale
Sun-Times Media Group. Inc. said late Monday that directors are weighing a number of “strategic alternatives,” including a possible sale of the struggling Chicago publishing concern.
The board’s decision to “explore strategic next steps” is “the right thing to do the ensure the future of the Sun-Times Media Group publications and Web sites and to generate the highest value for our shareholders,” said Cyrus Freidheim, the holding company’s Chief Executive Officer.
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