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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.