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Sun Sets on Sun-Times Media Group

cst_logo_353_203.31.09.gifWe’ve been following Chicago’s Sun-Times Media Group for months now. The paper laid off a number of staffers in January. Then it hired a dude who lived in Dallas to run the company in February. Earlier this month, it promoted two execs. Well, now it’s bankrupt.

Jeremy L. Halbreich, chairman and interim CEO, explained the decision in a statement.

“Over the past several months, the Company has taken several steps to reduce costs and strengthen our organization. However, the significant downturn in the print advertising environment that has affected newspapers across the country has continued to severely impact us. Unfortunately, this deteriorating economic climate, coupled with a significant, pending IRS tax liability dating back to previous management, has led us to today’s difficult action. Importantly, we firmly believe that filing for Chapter 11 protection and exploring the potential sale of assets or new investment in the Company offers us the best opportunity to protect our respected media properties for the long-term.”

The company’s 59 papers will continue to operate. The local news will go on.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.