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Since the Tyree-Halbreich takeover, the organization has shown accelerating declines in circulation, advertising revenue and quality of editorial content. Industry analysts have repeatedly pointed to the group's failure to craft a competitive online product as evidence of continued decline. On
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and a team of investors had a $ 5 million bid accepted to purchase the Sun-Times Media Group, contingent on the paper's unions accepting deep compensation cuts and work-rule changes. The purchase was completed the next month.
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In March 2019, a new ownership group took over and took control of the Sun-Times from the previous union ownership. The group, Sun-Times
Investment Holdings LLC, was backed by prominent Chicago investors Michael Sacks and
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Tyree died suddenly in March 2011. Jeremy
Halbreich, chief executive, said that Tyree will be greatly missed and that his death will make no changes in the media company's strategy.
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bid for the rest of
Hollinger International. However the sale was blocked by a judge in the United States after the company's board lodged a court action against the sale.
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resigns as chairman after an internal inquiry alleges that Black had received more than $ 7 million in unauthorized payments of company funds.
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ST Acquisition
Holdings, a consortium of private investors and Chicago Federation of Labor acquired the Sun-Times Media Group from Wrapports.
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renouncing his
Canadian citizenship to gain a British peerage. That year, Hollinger International bought the Chicago-area publications of
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Complete 512-page copy of the Report of
Investigation by the Special Committee of the Board of Directors of Hollinger International Inc.
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173:(IPO) to fund the acquisition. At the time, it was the fifteenth-largest U.S. newspaper group. It changed its name to
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Conrad Black was fired by the
Hollinger International board in 2004 for fraud. He attempted to sell his stake to the
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That year, it began a process of shrinking the company, selling many of its small papers to the private equity firm
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163:'s American properties. It focused on newspapers, mostly in smaller markets. In February 1994, it acquired the
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This article is about the company established in 1986. For the 19th-century "American
Publishing Company", see
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after
Mirkaei buys the property. In February 2006, Hollinger sold substantially all of its Canadian assets.
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Sun-Times
Investment Holdings, LLC. acquired the assets of Sun-Times Media Group from previous consortium.
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Gordon A. Paris, chairman of the board of directors, president, chief executive officer and director
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through his company ST Acquisition Holdings, had acquired the Sun-Times Media Group from then-owner
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On July 13, 2017, it was reported that a consortium consisting of private investors and the
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to Mirkaei Tikshoret, a Tel Aviv–based publisher of Israeli newspapers, was announced.
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674:"Hollinger International Completes Sale of Substantially All of Its Canadian Assets"
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The corporation's name was changed to Sun-Times Media Group on July 17, 2006.
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377:& CEO Timothy Knight, bought the properties of Sun-Times Media Holdings.
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Extensive background information, including past and present media holdings.
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Paul B. Healy, vice president, corporate development and investor relations
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until its acquisition by ownership group ST Acquisition Holdings in 2017.
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799:"Union group led by Eisendrath outduels Trib owner to acquire Sun-Times"
676:(Press release). Sun-Times Media Group. February 6, 2006. Archived from
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Jeremy Halbreich becomes the new chairman and interim chief executive.
702:(Press release). Sun-Times Media Group. July 17, 2006. Archived from
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On March 31, 2009, the company filed for bankruptcy protection under
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John Cruickshank, chief operating officer, head of the Chicago group
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forces the ousting of all but one member of the board of directors.
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727:"Tyree's vision will be missed, but newspaper will follow course"
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141:-based newspaper holding company. The company formerly owned the
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Ketupa.net – Media Profiles: Hollinger, Black & the Barclays
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James R. Van Horn, vice president, general counsel and secretary
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List of banks acquired or bankrupted during the Great Recession
863:
780:"The Chicago Sun-Times Is Wrenched Away from a Rival Publisher"
518:
Cyrus Freidheim resigns as CEO after New York–based hedge fund
829:"New investors Sacks, Wirtz fortify Sun-Times ownership group"
700:"Hollinger International Today Becomes Sun-Times Media Group"
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215:. In 2000, it sold most of the rest to four media companies (
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December 6, 2011, the company announced it will institute a
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Dodd–Frank Wall Street Reform and Consumer Protection Act
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Sun-Times Media Group was founded in 1986 under the name
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Sun-Times Media Group filled for Chapter 11 bankruptcy.
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Companies that filed for Chapter 11 bankruptcy in 2009
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National fiscal policy response to the Great Recession
455:
Peter K. Lane, vice president, chief financial officer
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Wrapports, L.L.C. acquired the Sun-Times Media Group.
396:(formerly Tribune Publishing Company) for ownership.
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to access its online content from December 8, 2011.
180:
Hollinger's non-American properties, which included
771:
49:. Unsourced material may be challenged and removed.
1409:(Europe, Middle East and North Africa, Asia; 2009)
470:Members of the board of directors: Gordon Paris,
365:Later in December 2011, Chicago investment group
1505:
1217:
627:; Steven M. Glover; Douglas F. Prawitt (2015).
597:"Hollinger's Crash Diet Stops Short Of Chicago"
392:, beating out Chicago-based publishing company
384:led by businessman and former Chicago alderman
1260:American Recovery and Reinvestment Act of 2009
1125:Office of Federal Housing Enterprise Oversight
750:Channick, Robert; Michael Oneal; Becky Yerak.
508:Cyrus Freidheim is hired as president and CEO.
906:
1184:Emergency Economic Stabilization Act of 2008
286:in January 2004 and the brothers launched a
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1275:Fraud Enforcement and Recovery Act of 2009
1199:Term Asset-Backed Securities Loan Facility
913:
899:
630:Auditing Cases: Instructor Resource Manual
616:
1455:Effects of the Great Recession on museums
1285:Housing and Economic Recovery Act of 2008
1169:China–Japan–South Korea trilateral summit
435:million lawsuit against Conrad Black and
109:Learn how and when to remove this message
1519:Publishing companies established in 1986
1149:Government policy and spending responses
1115:Government National Mortgage Association
821:
752:"Sun-Times sold to local investor group"
1209:2008 United Kingdom bank rescue package
407:
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293:The Barclay brothers later bought The
279:, along with several smaller papers).
231:). Its Canadian holdings, notably the
1194:Temporary Liquidity Guarantee Program
1164:Banking (Special Provisions) Act 2008
1147:
1085:Federal Deposit Insurance Corporation
894:
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346:In September 2009, Chicago financier
1080:Consumer Financial Protection Bureau
315:. On November 16, 2004, the sale of
47:adding citations to reliable sources
18:
1370:Collateralized mortgage obligations
920:
13:
866:, local newspapers' site (part of
474:, Daniel Colson, Cyrus Freidheim,
14:
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1465:2007–2008 world food price crisis
1265:Chinese economic stimulus program
1250:2008 European Union stimulus plan
1174:Commercial Paper Funding Facility
851:
16:Chicago-based newspaper publisher
1493:List of countries by public debt
1120:National Asset Management Agency
725:Roeder, David (March 20, 2011).
431:Hollinger International files a
23:
1524:1986 establishments in Illinois
1448:2008 Central Asia energy crisis
1365:Collateralized debt obligations
778:Ember, Sydney (July 13, 2017).
34:needs additional citations for
1514:Newspaper companies in Chicago
1255:2008–2009 Keynesian resurgence
1100:Federal Housing Finance Agency
1095:Federal Housing Administration
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245:newspaper chain, were sold to
241:, and a majority stake in the
1:
1270:Economic Stimulus Act of 2008
1204:Troubled Asset Relief Program
1130:Office of Financial Stability
1105:Federal Housing Finance Board
1039:Société Générale trading loss
595:Jones, Tim (August 4, 2000).
581:
323:CanWest Global Communications
217:Bradford Publications Company
1189:Irish emergency budget, 2009
221:Community Newspaper Holdings
209:Leonard Green & Partners
7:
886:A Hollinger company history
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382:Chicago Federation of Labor
249:in 2000 in connection with
159:, as a holding company for
157:American Publishing Company
10:
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1380:Mortgage-backed securities
991:Automotive industry crisis
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1006:Housing market correction
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880:U.S. SEC – Breeden Report
1403:(United States; c. 2009)
1135:UK Financial Investments
1020:Banking losses and fraud
1011:Subprime mortgage crisis
996:California budget crisis
213:Liberty Group Publishing
1421:(worldwide; 2011–2012)
1360:Auction rate securities
1090:Federal Home Loan Banks
175:Hollinger International
171:initial public offering
135:Hollinger International
58:"Sun-Times Media Group"
1110:Federal Reserve System
984:United States-specific
797:Armentrout, Mitchell.
638:Upper Saddle River, NJ
239:several smaller papers
1460:Decline of newspapers
1407:2009 May Day protests
1353:and financial markets
1243:Stimulus and recovery
858:Sun-Times Media Group
131:Sun-Times Media Group
1483:European debt crisis
1375:Credit default swaps
1351:Securities involved
1157:stability and reform
408:Corporate governance
375:Michael W. Ferro Jr.
306:The Sunday Telegraph
276:Lake County News-Sun
229:Forum Communications
43:improve this article
1443:2000s energy crisis
1155:Banking and finance
1073:Government entities
654:on October 10, 2016
492:Raymond G. H. Seitz
300:The Daily Telegraph
183:The Daily Telegraph
1425:Occupy Wall Street
1401:Tea Party protests
1059:Scott W. Rothstein
784:The New York Times
739:on March 21, 2011.
623:Beasley, Mark S.;
373:, led by Chairman
341:United States Code
327:The Jerusalem Post
318:The Jerusalem Post
225:Paxton Media Group
189:The Jerusalem Post
1529:Chicago Sun-Times
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1470:Retail apocalypse
1415:(MENA; 2010–2012)
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1218:Bank stress tests
803:Chicago Sun-Times
732:Chicago Sun-Times
706:on March 12, 2008
680:on March 12, 2008
625:Frank A. Buckless
576:Lerner Newspapers
496:James R. Thompson
478:, Shmuel Meitar,
413:November 17, 2003
166:Chicago Sun-Times
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36:verification
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1322:Non-banking
1054:Tom Petters
640:: Pearson.
461:, treasurer
402:Rocky Wirtz
1508:Categories
582:References
560:March 2019
530:March 2009
337:Chapter 11
133:(formerly
125:Mark Twain
69:newspapers
1032:Tom Hayes
929:By region
550:July 2017
390:Wrapports
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433:US$ 200
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339:of the
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243:Southam
151:History
139:Chicago
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841:2021
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