Sun-Times Media Group Inc. (SUTMQ.PK) said that the U.S. Bankruptcy Court for the District of Delaware approved the sale of substantially all of the assets of Sun-Times Media Group to STMG Holdings, LLC, a private investor group led by Chicago businessman James Tyree.
The total transaction is valued at about $25 million and is expected to close by the end of October 2009. The closing remains contingent upon approvals by two of the company's 16 bargaining units of amendments to their collective bargaining agreements. Those agreements are expected to be reached in the coming days.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.