They’ve cut $50 million in costs, but it looks like that hasn’t been enough. The Sun-Times Media Group CEO, Cyrus Freidheim Jr., said Monday the board has agreed to explore a sale of the company that will “reward shareholders” and secure the future of its Chicago-area newspapers and Web sites.
According to the Chicago Sun-Times, a property of the company, Freidheim said he hopes a buyer would bring “enthusiasm”and “a real love for the place our publications have in the Chicago area.”
The board set no timetable for a decision and could decide not to sell.
