WILMINGTON, Del. AP - Lawyers for the Sun-Times Media Group Inc. said Wednesday the company's Chapter 11 bankruptcy filing could result in either a restructuring or a sale.The owner of the Chicago Sun-Times, which filed its petition on Tuesday, listing $479 million in assets and $801 million in debt, is the fifth newspaper publisher to seek bankruptcy protection in recent months.
April 01, 2009 at 12:00 AM
1 minute read
WILMINGTON, Del. AP – Lawyers for the Sun-Times Media Group Inc. said Wednesday the company’s Chapter 11 bankruptcy filing could result in either a restructuring or a sale.
The owner of the Chicago Sun-Times, which filed its petition on Tuesday, listing $479 million in assets and $801 million in debt, is the fifth newspaper publisher to seek bankruptcy protection in recent months.
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