Sun-Times Media says company up for sale

Updated Wednesday, February 6, 2008 0:00 am TWN, AP

Sun-Times Media says company up for sale

CHICAGO -- Sun-Times Media Group Inc., parent of the Chicago Sun-Times, put the city’s second-largest daily and “any or all” of the company’s assets up for sale Monday amid a crippling decline in advertising and revenue at its newspapers. The company said its board of directors also is looking at other strategic alternatives to increase shareholder value, including joint ventures or strategic partnerships.

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