Results tagged “bankrupcy”

The Sun-Times Media Group, owners of the Chicago Sun-Times and 58 suburban papers (and their corresponding websites), filed for Chapter 11 bankruptcy protection today, "with the aim of reorganizing operations, settling a tax liability and making the company fit for a buyer." According to Crain's, the STMG is the fifth newspaper publisher in the last few months to file for protection from creditors, joining the ranks of the Tribune Company. (Read the STMG press release here)

Actor Warren Beatty is is a pissing match with Tribune Media Services, a subsidiary of the Tribune Company, over usage rights for police detective Dick Tracy. He purchased the rights in 1985 to produce and star in the 1990 Oscar-winning Dick Tracy movie.