Blog Post

Sun-Times Parent To Consider Strategic Alternatives

Sun-Times Media Group, parent of the Chicago Sun-Times, has announced that it will seek strategic alternatives, including a possible sale. The struggling publisher, which has been pushed by investors to do more to turn itself around, may also consider joint ventures or other strategic partnerships with third parties. As is usual with these things, the company does not intend to report regular updates on the process and it offers no guarantees of a successful outcome. In January, K Capital, a 9.7 percent shareholder, sought a reduction in the number of board seats, arguing that the company’s existing governance structure was inefficient. In the last year, Sun-Times shares have fallen 80 percent off of their highs. Release.