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Sun-Times Narrows Loss In Q2, Hints at Going Private

Sun-Times Media Group reported a narrower second-quarter operating loss compared with a year ago--and suggested it might de-register its nearly valueless stock and go private.

CEO Cyrus Freidheim floated the going-private idea in a letter to shareholders released with its quarterly financial release. Sun-Times is still exploring alternatives including the sale of the flagship Chicago Sun-Times and some of the other 90 papers it publishes in the Chicago area.

Freidheim held out little hope that a sale might be coming any time soon.

Read the whole story at Editor & Publisher »

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