Results tagged “closing”

The Sun-Times Media Group has announced that it is shuttering its Pioneer Press printing plant in Northfield. The closing will result in a loss of 70 jobs and there's no word where the small papers printed at that plant will be printed in the future. The closing comes amidst a growing buzz concerning the STMG's finances and a meeting today with union leaders. Yesterday, The Reader's Michale Miner spoke with Jeremy Halbreich, chairman and interim CEO of the Sun-Times Media Group, who Halbreich told Miner that today's meeting was just another of a series of "periodic updates."

One of the city's last two Crunch Gym locations - at 38 E. Grand Ave. - is shutting its doors, possibly as early as September 8. The exact date of the closing depends on a ruling from a New York bankruptcy court. The gym's owners - AGT Crunch - has closed three other locations since filing for Chapter 11 bankruptcy protection in May. One location - 939 W. North Ave. - remains open. For now. [Crain's]

The University of Illinois-Chicago’s cites Illinois’ budget crisis and a lack of Medicare reimbursements for closing a Pilsen medical center this June.

A chapter is closing in the history of Chicago advertising, after JWT’s North American president Rosemarie Ryan traveled from New York to Chicago Friday to deliver the news to the company’s 50 employees that the Chicago office would be closing. JWT has roots in Chicago date back to 1891, and the Chicago office has battled with the New York office throughout its history to shine as the crown jewel in the JWT network. At one time, the Chicago office was the largest office of the world’s largest advertising agency.

After today’s sold-out matinee, “Wicked” will close after its 3-1/2 year run and 1,500 performances. The show has been seen by more than 2.9 million people here in Chicago, and has earned more than $210 million in box office revenue.

While the only visible change inside WaMu’s Seattle-headquarters after being purchased by J.P. Morgan Chase & Co. was a portrait of Kerry Killinger--the CEO tossed out earlier this month--being replaced by a picture of an abacus, bank officials announced on Friday that as many as 400 retail branches will close. Chicagoland is likely to be hit hard because of the overlap: Chase has 340 branches, while WaMu has 117. A study conducted in March showed 160 Chase branches had a WaMu branch within 1.5 miles.

The landlords of the 37-acre, 127-year-old Michael Reese Hospital announced they will be pulling the plug on operations, citing ownership changes, increasing competition, and the rising number of uninsured patients who can’t pay their bills. The closure is anticipated to happen some time this fall, making way for the property to be redeveloped for the 2016 Olympics.

The numbers to the left tell the story. Hyde Park Co-Op shareholders voted by a wide margin in favor of a buyout by the University of Chicago and close the store by the end of January.