The company that owns the Chicago Sun-Times and 58 other newspapers and online sites said Tuesday it had filed for Chapter 11 bankruptcy.
The Sun-Times Media Group, Inc. said it would continue to operate its newspapers and Web sites as usual while it improves its cost structure and stabilizes operations.
Tuesday’s announcement comes amid a raft of newspaper closings and cuts that has seen the end of The Rocky Mountain News in Denver, Colorado; The Seattle Post-Intelligencer, and The Christian Science Monitor. (CNN)
Chicago Sun-Times files for bankruptcy
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