Sun-Times Media Group Hires Lazard For Sell-Off

Posted Friday, February 15, 2008 12:00 am

By: E&P Staff Sun-Times Media Group Inc.(STMG) said Friday it has retained the investment firm Lazard to help evaluate its strategic alternatives, including the sale of the flagship Chicago Sun-Times and its dozens of sibling papers in the Chicago market.

Earlier this month and in response to pressure from some big minority shareholders, STMG formed a strategic alternatives committee to investigate alternatives including the sale of some or all of its properties, and strategic partnerships with third parties.

At midday, STMG stock (NYSE: SVN) was up 1 cent, or 0.73%, to $1.38.

On February 4, 2008 the Company announced it would undergo this process. These alternatives may include, but are not limited to, joint ventures or strategic partnerships with third parties, and/or the sale of the Company or any or all of its assets.

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Sun-Times Media Group Hires Lazard For Sell-Off

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