The Sun-Times Media Group, the parent company of the Chicago Sun-Times and lots of smaller suburban newspapers, filed for bankruptcy yesterday. Ironically, their problems don't stem from being a print newspaper company. Their crooked former captain Conrad Black siphoned millions from the company coffers. But being a newspaper company didn't help their situation.They're hoping to restructure and bounce back: current Chief Executive Jeremy Halbreich stressed that the papers aren't going out of business. But that certainly doesn't seem to be the prevailing trend. Lets just hope the news survives.
Share on Facebook
