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SUN-TIMES MEDIA GROUP NEWS Skeptical appeals court hears Conrad Black's request to toss conviction A lawyer for Conrad Black has asked a federal appeals court in Chicago to toss out the former media mogul's conviction. Unions say Sun-Times parent cutting ex-workers health benefits without court O.K. Unions representing former employees of the Sun-Times Media Group Inc. are seeking information from the company in a dispute over termination of health insurance benefits. Judge to Conrad Black: No Canada for you A federal judge ordered Conrad Black to surrender his passport Friday, meaning the former media mogul can't return to his home in Canada now that he's free on $2 million bond. Conrad Black released from prison on $2 million bond Conrad Black walked out of a federal prison in Coleman, Fla., Wednesday afternoon after 28 months of incarceration. Earlier in the day, a federal judge set bond at $2 million, ruling that the former media mogul can't leave the continental United States and must return to a Chicago courtroom to receive further conditions of his release.
From jail, Conrad Black fights $71 million tax bill Imprisoned former media baron Conrad M. Black is fighting a $71 million bill from the U.S. Internal Revenue Service, which says from 1998 to 2003 he filed no tax returns and paid absolutely nothing on $120 million in taxable income. Supreme Court sets aside Conrad Black's 'Honest Services' fraud conviction The Supreme Court has sided with former Enron CEO Jeffrey Skilling in limiting the use of a federal fraud law that has been a favorite of white-collar crime prosecutors. Papers exiting bankruptcy dump 75% of debt The four newspaper companies that have exited bankruptcy to date have shed three-quarters of their of debt, collectively trimming nearly $2 billion in burdensome obligations. Strupp: My top 10 newspaper biz stories 2009 Another year of changes for the newspaper industry, not to mention E&P. We saw mobile sprint forward, print decrease, employees give back, and some familiar faces depart. Still, the news is being delivered and the newsrooms continue to hum, in most places, even at reduced volume. Sun-Times sale to Tyree group complete The sale of the parent company of the Chicago Sun-Times was completed Monday, as a local group of investors led by investment banker James Tyree became the newspaper's new owners. Sun-Times staffers welcome sale to 'a Chicago guy' Newsroom staffers at the Chicago Sun-Times welcomed today's announcement that the paper's sale to a local owner would be approved, although most regretted the givebacks needed to make it possible. Chicago Sun-Times reaches tentative newsroom union deal The Sun-Times Media Group has reached a tentative agreement on a concession package with its newsroom unions that will be presented to the workers later today, the Chicago Sun-Times reports on its Web site. No second bidder appears for Chicago Sun-Times parent No second bidder showed up with an offer to buy the bankrupt parent of the Chicago Sun-Times as a 5 p.m. deadline expired Monday -- and another loomed as the newsroom union remained deadlocked with the sole bidder. Move over, James Tyree: At least one other investor is considering bidding for Sun-Times Media Group Inc. Bankrupt Sun-Times parent was cash-flow positive in August Sun-Times Media Group (STMG) reversed its crippling cash burn in August, according to a filing in U.S. Bankruptcy Court in Delaware. Are newspaper unions becoming irrelevant? Union members at the Sun-Times Media Group never have been more powerful than they are today, but the power they wield is a weapon of mass self-destruction. Sun-Times bidder: Guild vote imperils sales deal In its first formal reaction Wednesday to the overwhelming rejection of its contract concession demands by unionized newsroom employees at the Chicago Sun-Times, the investor group offering $25 million for its parent chain said it would not be able to go through with the deal without "drastic changes," including elimination of seniority and work rules. AP charts, and updates, all of the major newspaper bankruptcies Status of some of the newspaper publishers that have filed for bankruptcy protection: Sun-Times can be saved, says CEO The money-losing Sun-Times Media Group can be turned into a modestly profitable business by the end of 2011, says the chief executive who took the company into bankruptcy court and plans to stick around to lead it back into the black. Sun-Times unions given deadline to extend pay cuts The Chicago businessman offering to buy the Chicago Sun-Times and its 57 sibling papers wants its union employees to agree by Sept. 29 to extend pay cuts that are supposed to end with the sale.
Chicago investor group bids to buy Sun-Times Media A group of Chicago businessmen led by Mesirow Financial's James C. Tyree submitted a bid Tuesday to buy the Chicago Sun-Times and its sister publications, the company that owns the newspapers announced. Plenty of challenges await potential new owners of Sun-Times Media Group A group of investors led by Jim Tyree, chairman of the Chicagoland Chamber of Commerce as well as Mesirow Financial Holdings Inc., may be able to save the scrappy tabloid Chicago Sun-Times with a bid for its parent company. Bid for bankrupt Sun-Times parent near A white knight has emerged for the bankrupt parent of the Chicago Sun-Times, the rival Chicago Tribune reported Friday. Sun-Times Media Group to close printing plant Chicago's struggling Sun-Times Media Group Inc. plans to close its Pioneer Press printing plant in suburban Northfield, idling about 70 workers represented by the Newspaper Guild of Chicago. Sun-Times Media Group's cash burn continues Chicago's Sun-Times Media Group Inc. burned through another $3.8 million in cash in July, draining its dwindling reserves and turning up the heat on management's attempts to sell the company out of bankruptcy court. Conrad Black's bail request denied Supreme Court Justice John Paul Stevens has turned down former newspaper mogul Conrad Black's request to be freed from a Florida prison while he appeals his fraud conviction to the high court. |
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