Sun-Times Media Group CEO's letter to readers

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Posted by chicagomedia.org on March 31, 2009 at 09:52:57:

In Reply to: Sun-Times Declares Bankruptcy posted by chicagomedia.org on March 31, 2009 at 09:52:25:

March 31, 2009

To Our Valued Readers:

Today our corporate parent, Sun-Times Media Group, Inc. and certain of its affiliates voluntarily filed for Chapter 11 bankruptcy protection. This action begins a legal and financial process that is designed to protect our Company's brands, stabilize our business and create a brighter future for all of our stakeholders, including our news organizations, advertisers, employees, and you our valued readers.

Please be assured that this action does NOT mean the Company or our newspapers or online sites are going out of business. We will continue to publish and operate our newspapers and corresponding online sites, including the Chicago Sun-Times, the SouthtownStar, Beacon News (Aurora), Courier-News (Elgin), Herald News (Joliet), Lake County News-Sun (Waukegan), Naperville Sun, and Post-Tribune (Merrillville, Ind.); our weeklies published by Pioneer Press and Fox Valley Publications; our free shoppers and content on corresponding online sites, including YourSeason.com and Rogerebert.com.

If you are a subscriber to any of our publications, your newspaper will continue to be delivered as it is today, and you will still get the great mix of news, sports, features and opinion that you count on in each edition. Like many U.S. companies today and like many other newspaper companies across the country, Sun-Times Media Group has faced significant declines in revenue. This process will help us to better address these challenges and ultimately work toward strengthening our commitment to remaining the Chicago area's best, most reliable and most distinguished source of news and information for our readers.

Sun-Times Media Group intends to move through the Chapter 11 process as quickly as possible, and expects that the process will be completed in 2009.

In the coming weeks, we will be keeping you informed through our Web site www.thesuntimesgroup.com. If you have further questions, please do not hesitate to contact us.

I would like to thank you for your business and support during these challenging times.

Sincerely,

Jeremy L. Halbreich
Chairman of the Board
Interim Chief Executive Officer

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: Sun-Times Media Group CEO's letter to readers : March 31, 2009 : To Our Valued Readers: : Today our corporate parent, Sun-Times Media Group, Inc. and certain of its affiliates voluntarily filed for Chapter 11 bankruptcy protection. This action begins a legal and financial process that is designed to protect our Company's brands, stabilize our business and create a brighter future for all of our stakeholders, including our news organizations, advertisers, employees, and you our valued readers. : Please be assured that this action does NOT mean the Company or our newspapers or online sites are going out of business. We will continue to publish and operate our newspapers and corresponding online sites, including the Chicago Sun-Times, the SouthtownStar, Beacon News (Aurora), Courier-News (Elgin), Herald News (Joliet), Lake County News-Sun (Waukegan), Naperville Sun, and Post-Tribune (Merrillville, Ind.); our weeklies published by Pioneer Press and Fox Valley Publications; our free shoppers and content on corresponding online sites, including YourSeason.com and Rogerebert.com. : If you are a subscriber to any of our publications, your newspaper will continue to be delivered as it is today, and you will still get the great mix of news, sports, features and opinion that you count on in each edition. Like many U.S. companies today and like many other newspaper companies across the country, Sun-Times Media Group has faced significant declines in revenue. This process will help us to better address these challenges and ultimately work toward strengthening our commitment to remaining the Chicago area's best, most reliable and most distinguished source of news and information for our readers. : Sun-Times Media Group intends to move through the Chapter 11 process as quickly as possible, and expects that the process will be completed in 2009. : In the coming weeks, we will be keeping you informed through our Web site www.thesuntimesgroup.com. If you have further questions, please do not hesitate to contact us. : I would like to thank you for your business and support during these challenging times. : Sincerely, : Jeremy L. Halbreich : Chairman of the Board : Interim Chief Executive Officer

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