Sun-Times Files for Chapter 11

The Sun-Times Media Group filed for Chapter 11 bankruptcy today, making them the fifth major newspaper publisher to announce financial problems in the past few months. The Sun-Times Media Group is the parent company of the Chicago Sun-Times and a number of suburban publications.
For residents to Chicago who enjoy their morning paper, this is bad news. Now, both of the city’s major daily newspapers are only operating under bankruptcy protection, as the Chicago Tribune’s parent company, Tribune Co., filed for Chapter 11 bankruptcy in December. Tribune Co. also owns the Los Angeles Times and a number of other newspapers in …read more