Chicago Cubs get approval for sale in bankruptcy court; deal could close within weeksOctober 13th, 2009 Chicago Cubs get needed bankruptcy court OKWILMINGTON, Del. — The sale of the Chicago Cubs moved closer Tuesday as a bankruptcy court judge said the team can go to the family of billionaire Joe Ricketts in a $845 million deal.
Judge approves Sun-Times sale, unions expected to approve contract changesOctober 8th, 2009 Bankruptcy judge approves Sun-Times saleWILMINGTON, Del. — A Delaware bankruptcy judge on Thursday approved the sale of the Chicago Sun-Times and other newspapers owned by its parent company to a group led by Chicago businessman Jim Tyree.
Chicago-area investor wants bidding process for Sun-Times reopenedOctober 7th, 2009 Investor wants Sun-Times bidding process reopenedCHICAGO — There's no one else interested in buying the Chicago Sun-Times. Or is there?
A Chicago-area investor wants a bankruptcy court to reopen bidding for the parent company of the Chicago Sun-Times.
Agreement on Chicago Sun-Times sale closer as union leaders tentatively back contract changesOctober 7th, 2009 Deal on Sun-Times sale appears closerCHICAGO — A major roadblock to sealing a deal on the sale of the Chicago Sun-Times appears to have been swept away. Leaders of five unions that earlier rejected concessions demanded by would-be buyer Jim Tyree tentatively agreed to contract changes in talks Wednesday with the parent company, said Sun-Times Media Group Inc.
Correction: Sun-Times bankruptcy storyOctober 6th, 2009 Correction: Sun-Times bankruptcy storyCHICAGO — In a Sept. 30 story about a bid to buy the bankrupt Chicago Sun-Times, The Associated Press reported erroneously that Rupert Murdoch had sold the Sun-Times in 1993 to Hollinger Inc.
Bankrupt Chicago Sun-Times left with just 1 suitor when no more bids come in before deadlineOctober 5th, 2009 No more Chicago Sun-Times suitors before deadlineCHICAGO — No one else stepped forward with a bid for the bankrupt Chicago Sun-Times before a Monday evening deadline, leaving just one offer for the storied newspaper that's rapidly running out of the cash it needs to stay in business. The standing offer for the parent company, the Sun-Times Media Group Inc., is from hometown investor Jim Tyree, who has insisted that workers agree to concessions before he'll seal the deal that could be the paper's last chance of survival.
Union workers at Sun-Times reject pay cuts, work-rule changes demanded for newspaper's saleSeptember 16th, 2009 Sun-Times union rejects pay cuts sought for saleCHICAGO — Unionized workers in the Chicago Sun-Times' newsroom have rejected demands for deep pay cuts and work-rule changes, putting at risk a planned sale of the financially struggling newspaper to an investment group. STMG Holdings LLC, led by Chicago banker Jim Tyree, wants several concessions from the Sun-Times Media Group Inc.'s 18 unions, without which it will not go through with the deal to bid for the company in a bankruptcy auction.
Boston Globe workers told by Times Co. that newspaper's finances improving, sale not certainSeptember 9th, 2009 Times Co. execs meet with Boston Globe workersBOSTON — Executives at the parent company of The Boston Globe say that the newspaper's finances have improved significantly and that a sale is not a certainty. The leaders of The New York Times Co.
Chicago investment banker's group submits $5 million cash bid for Sun-Times Media GroupSeptember 8th, 2009 Chicago investor group submits bid for Sun-TimesCHICAGO — Struggling newspaper publisher Sun-Times Media Group said Tuesday that a private investor group led by Chicago banker James Tyree will bid $5 million in cash for its assets in a bankruptcy court auction. The group, called STMG Holdings LLC, also would assume about $20 million of Sun-Times' liabilities, the company said.
Sun-Times is closing suburban Chicago printing press, meeting with union on efforts to sellSeptember 3rd, 2009 Sun-Times closing Chicago-area printing pressCHICAGO — The Chicago Sun-Times' parent company is closing a suburban printing plant, which is expected to cost 70 jobs. Sun-Times spokeswoman Tammy Chase confirms the Sun-Times Media Group plans to close its Pioneer Press printing plant in Northfield.
Executives of Times Co. say sale of Boston Globe a possibility, but not a certaintyAugust 7th, 2009 Times Co. execs say sale of Globe not a certaintyBOSTON — Top executives of The New York Times Co. say a sale of The Boston Globe is not a certainty.
Group of bondholders, trio of unions file objections to GM sale planJune 19th, 2009 Bondholders, unions file objections to GM saleNEW YORK — A group of General Motors Corp. bondholders and some of the automaker's labor unions have filed objections to the company's plan to sell its assets to a new company to emerge from bankruptcy protection.
Union accepts contract concessions to pave way for sale of Blethen Maine newspapersMay 29th, 2009 Newspaper union accepts givebacks ahead of salePORTLAND, Maine — The Portland Press Herald's largest union voted overwhelmingly Friday to accept wage and benefit concessions designed to pave the way for the Seattle Times Co.'s sale of its Blethen Maine subsidiary. A union official said he expects the deal to close by mid-June.
White Sox closer Jenks fined for purpose pitch behind Texas' KinslerMay 12th, 2009 White Sox closer Jenks fined for purpose pitchCLEVELAND — Chicago White Sox closer Bobby Jenks was fined Tuesday for throwing a pitch behind Texas' Ian Kinsler last weekend. Major League Baseball imposed the penalty and did not disclose the amount, nor did Jenks.
Chicago investment banker considering bid for bankrupt Sun-Times Media GroupMay 5th, 2009 Investment bank chief eyes purchase of Sun-TimesCHICAGO — A Chicago investment banker said Monday he is assembling a group to bid on the bankrupt Sun-Times Media Group. James Tyree, chairman of Mesirow Financial Holdings, said he is reviewing the Chicago-based media company's books, though his financial company would not be part of any bid.
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