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CHICAGO — A local investor has offered the unions at the Chicago Sun-Times a take-it-or-leave-it proposal to buy the company in bankruptcy court, and the unions just might leave itsnuffing out what could be the best hope for survival of the city’s oldest continuously published daily. Jim Tyree’s $5 million bid for Sun-Times Media Group’s assets and $22 million in debt “seems to be the only game in town,” said Michael Miner, a former Sun-Times staffer. If Tyree walks away, a Sun-Times lawyer has said, the company would consider liquidation.
The Associated Press
