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Posts Tagged ‘Jeremy Halbreich’

Chicago Sun-Times Cuts At Least Four

The Sun-Times has cut four newsroom staffers, including two staffers with 11 years each at the paper, reports Robert Feder.

Columnist Lewis Lazare covered media and marketing for the paper’s business section, and had 11 years with the paper.

Misha Davenport, features reporter, also had 11 years with the paper.

Steve Tucker, assistant sports editor and prep sports writer, and Cheryl Jackson, general assignment news reporter, were also cut.

The irony is that the news of the layoffs comes just a day after the death of Jim Tyree, who was Sun Times Media Chairman and who saved the paper from being liquidated in 2009. “It certainly had nothing to do with yesterday’s news,” CEO Jeremy Halbreich told the Chicago Tribune. “It’s the continuation of our implementing our system and finding additional efficiencies in terms of being able to do things centrally rather than spread out in eight different directions.”

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Sun-Times Kills 11 Weeklies, Freelancers, But Not Staffers, Are Cut?

The Sun-Times Media group is discontinuing eleven free weeklies distributed in Chicago suburbs, reports Phil Rosenthal.

The titles had a combined circulation of a quarter million, but they weren’t pulling their weight financially: “It’s the byproduct of our evaluating the market coverage,and the positioning and profitability of those products,” Sun Times media CEO Jeremy Halbreich said yesterday.

He also said that since the papers relied on staff from elsewhere in the company as well as freelancers, this move should not “contribute significantly” to layoffs. (However, elsewhere in the Sun-Times group, staff layoffs have reached the triple digits.)

More Cuts At Sun-Times

The Chicago Sun-Times eliminated three employees from the newsroom this week, reports Crain’s Chicago Business. The cuts included Jim O’Donnell, sportswriter, Delia O’Hara, part-time features writer, and Ben Rubenstein, managing editor of the paper’s entertainment guide.

Earlier this year, Jeremy Halbreich, chief executive of parent company Sun-Times Media, said that no more layoffs were coming to the company’s papers.

The newspaper company emerged from bankruptcy in September 2009 after six months under Chapter 11.

Sun-Times Files for Bankruptcy

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Only four months after the Chicago Tribune filing Chapter 11, the owners of the Chicago Sun-Times are also voluntarily filing for Chapter 11 bankruptcy protection. The paper is hoping it can reorganize its operations, settle a tax liability and make itself suitable for sale, reports the paper.

According to Chairman Jeremy Halbreich the filing was a difficult, but essential decision so the company could “re-establish itself as a self-sustaining, profitable operation. That is worth fighting for.”

While this paper has been suffering during the economic downturn like many, it has the added burden of back taxes and penalties on its docket as well. The IRS claims the Sun-Times group owes roughly $608 million due to misconduct by their former controlling owner, Conrad Black, who is now imprisoned for theft of corporate coffers.

Sun-Times will continue talks with the IRS while implementing a “strong and impressive” business plan. It also will pursue a deal with buyers and has hired Rothschild Inc., which was involved in the bankruptcy of United Airlines’ owner, to field offers.

Several potential buyers have approached Halbreich since he took over Feb. 10 as chairman and interim chief executive, he said. “We’re very confident that there’s going to be some interest here,” he said. “We intend to start that process immediately.”

While this action was taken so that the company could continue paying their employees, the paper may be forced to reduce wages and benefits. And unlike the San Francisco Chronicle, who had to negotiate with their union before such a reduction could occur, this reduction could be imposed upon the union by the bankruptcy judge at his discretion.