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Sun-Times Media Group was founded in 1986 under the name American Publishing Company, as a holding company for Hollinger Inc.'s American properties. It focused on newspapers, mostly in smaller markets. In February 1994, it acquired the Chicago Sun-Times, holding an initial public offering (IPO) to fund the acquisition. At the time, it was the ...
On July 13, 2017, it was reported that a consortium consisting of private investors and the Chicago Federation of Labor led by businessman and former Chicago alderman Edwin Eisendrath through his company ST Acquisition Holdings, had acquired the paper and its parent company, Sun-Times Media Group, from then-owner Wrapports, beating out Chicago ...
In 2009, Parrillo was among a ten-member group of investors (along with his brother William, Jim Tyree and Rocky Wirtz) that purchased the Sun-Times Media Group. [1] Parrillo served as lead director. The investor group is credited for rescuing the Chicago Sun-Times from bankruptcy and ensuring that Chicago remained a two-newspaper town. [12]
Sun-Times Media Group Inc. (SUTM), publisher of the Chicago Sun-Times and other papers in the Chicago area, has filed for Chapter 11 bankruptcy, following similar moves by its longtime rival ...
Hollinger Inc. was the parent company of Chicago-based Hollinger International (now known as the Sun-Times Media Group), whose primary holdings included a group of Chicago newspapers. Its flagship paper was the Chicago Sun-Times. Hollinger also owned The Jerusalem Post and interests in Australian and Canadian newspaper chains. [3]
The New York Times Co. (NYT) plans to launch a local edition in Chicago, competing against the bankrupt Tribune Co. (TRBCQ)'s Chicago Tribune and Sun-Times Media Group (SUTMQ)'s Chicago Sun-Times.
Amid Hollinger reorganization (ultimately to the Sun-Times Media Group) in the wake of the scandal, the company merged Lerner Newspapers into its longtime suburban rival, Pioneer Press, in 2005. Pioneer management quickly dropped the now-embarrassing Lerner name and killed all Lerner's suburban editions.
The next day, it was announced that Mr. Radler has settled with the Sun-Times Media Group, agreeing to pay them $64.1 million. The news of the SEC settlement sparked protest from the defence at the Conrad Black trial; the defence claimed that such news would negatively influence the jury.