Tuesday, October 13, 2009

Chicago Sun-Times Faced with Bankruptcy







Posted By, Meredith Anderson




By DON BABWIN (AP) – 4 days ago
CHICAGO — The way The Rev. Issac Whittmon sees it, a vital piece of his city was saved Thursday when a bankruptcy judge approved the sale of the Chicago Sun-Times, a newspaper he's been reading since he was a child.
"If we lost Wrigley Field, that's the way I would feel if we'd lost the Sun-Times," the 67-year-old minister said, after hearing on the radio that the newspaper's parent company can be sold to Chicago businessman Jim Tyree.
Without a deal, the Sun-Times, whose roots date to 1844, could have faced a shutdown, following a path already taken by other No. 2 publications in two-newspaper towns such as Seattle and Denver.






1 comment:

  1. It seems like a lot of newspapers are losing business. I know nationally readership is decreasing drastically, but funny to note that readership among college papers is still strong. - Kelsey Hoffman

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