Court OKs Sun-Times Asset Sale To Investor Group

Law360, New York (October 8, 2009, 4:37 PM EDT) -- A judge has given his blessing to bankrupt newspaper publisher Sun-Times Media Group Inc.'s $25 million asset sale to STMG Holdings LLC, a private investor group led by Chicago businessman and Mesirow Financial Holdings Inc. CEO James C. Tyree.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware on Thursday approved the sale of substantially all of the assets of Sun-Times to STMG, including the Chicago Sun-Times, over 50 other newspapers and an assortment of Web sites.

The total transaction is...
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