A group of Chicago investors have submitted a $25 million bid to buy the Sun Times Media Group, the company that owns the Sun-Times and a host (58, actually) of smaller sister papers. The group is led by Mesirow Financial’s James C. Tyree and called STMG Holdings LLC. Said Tyree, “I’m a lifelong Chicagoan, and I believe the Sun-Times and all its properties can make a positive impact on the region well into the future.” Who else is involved in this group? That's not known, though speculation puts the group somewhere in the neighborhood of six to 10 people and is rumored to include Blackhawks owner Rocky Wirtz.
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CBS 2 spent some time with anxious Chicago investors after Monday's bailout rejection by Congress.
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Investors Make Bid On STMG
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