Sun-Times Media Will Close Suburban Newsrooms
Chicago-area newspaper publishers are retrenching as the year draws to a close, with major cost-cutting initiatives from Sun-Times Media and the
Tribune Co. Most recently, Sun-Times Media announced that it will close six of its suburban newsrooms with an eye to consolidating all editorial and production activities in the company’s main
Sun-Times building in downtown Chicago.
Sun-Times Media will close suburban newsrooms in Aurora, Glenview, Gurnee, Joliet, Tinely Park and Merrillville, Indiana, and relocate about 70
employees, including editors and production personnel, to the Sun-Times headquarters building.
Suburban reporters will work from the field or from home via laptops and mobile devices. Some
workers involved in production may be laid off. In addition to saving money on rent and streamlining production, Sun-Times execs said the moves are part of a push to transition to a “digital
first” company.
As noted, Sun-Times isn’t the only Chicago publisher cutting back.
Earlier this week, the Tribune Co. revealed that its flagship newspaper, The
Chicago Tribune, will be dropping its contract with the Associated Press in early January, along with a number of other Tribune papers, including The Baltimore Sun, Orlando Sentinel, South
Florida Sun-Sentinel, Hartford Courant, Morning Call of Allentown, PA, and the Daily Press of Newport News, VA. The Los Angeles Times is the only Tribune paper that
will continue its membership in the AP.
Tribune execs may be cutting costs to make the newspapers more attractive to buyers.
Earlier this month, Bloomberg reported that Tribune Co. was considering divesting some or all of its newspapers, and is meeting with bankers to lay the groundwork for negotiations. Tribune is currently scheduled to exit Chapter 11 bankruptcy protection at the end of this year, following four years of legal wrangling between creditors, lenders and bondholders over control of the company.
It has already secured permission from the FCC to transfer its TV and radio licenses to creditors, including JPMorgan Chase, Oaktree Capital Management and Angelo, Gordon.
Recent MediaDailyNews Articles
-
Fox May Stream Super Bowl On Authenticated Basis June 19, 9:04 p.m.
The past two Super Bowls have been streamed free online, but Fox may offer a type ... -
Univision, 'Variety' Team For Original Content June 19, 5:43 p.m.
Reflecting the growing size and importance of the U.S. Hispanic market, TV broadcasters have been moving ... -
UK Ad Spend Forecast To Hit $20B June 19, 5:40 p.m.
The pace of ad spending in the UK is picking up. Measured media expenditures in the ... -
3 Innovation Lions Awarded, Barbarian Grabs Grand Prix June 19, 1:33 p.m.
The Barbarian Group has won the Lions Grand Prix Award for Innovation, a new award category ... -
Cable Upfront Begins, Final Take Projected At $9.8B June 19, 12:07 p.m.
Following most of the broadcast upfront deal-making, many cable networks have been inking and completing upfront ... -
Shazam Launches Service To Measure TV Campaigns June 19, 10:49 a.m.
On the heels of other social media apps looking to help out TV brand advertisers with ... -
GM Returns To Oscars, Drives 5-Year Deal June 19, 10:16 a.m.
General Motors and the Oscars telecast are back in business.The Detroit carmaker said Wednesday that it ... -
Cannes King: Omnicom Earns Most Medals, Media Agency Of Year June 19, 9:34 a.m.
Omnicom’s OMD Worldwide was the most medaled media network at the Cannes ad festival this year, ... -
Consumers Tag Costco, Movado As Most Promising Brands June 18, 6:09 p.m.
Costco, Cisco and Movado are the three most financially promising pure-play, publicly traded brands in the ... -
'Voice' Sings To Consistent Beat June 18, 5:57 p.m.
One of the biggest shows on broadcast television finished its spring edition pretty close to where ...
Be the first to comment on "Sun-Times Media Will Close Suburban Newsrooms "
Leave a Comment