Investor Group May Rescue Sun-Times: Report

Law360, New York (September 4, 2009, 1:53 PM EDT) -- A Chicago businessman reportedly is considering making a bid to buy Sun-Times Media Group Inc., which could save the Chicago Sun-Times parent from liquidation.

The Chicago Tribune reported Friday that Sun-Times Media expects to file a reorganization plan that will center on a bid for the company by an investor group led by Chicago financier Jim Tyree, CEO of investment firm Mesirow Financial. The report cited anonymous sources.

The bid would include cash and an assumption of the company's liabilities and may depend on concessions from...
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