CHICAGO, Feb. 5 Sun-Times Media Group Inc. announced it was considering strategic options, including a possible sale of the Chicago publishing company.
Chief Executive Officer Cyrus Freidheim said the board of the publishing concern is exploring, "strategic next steps," the Chicago Tribune reported.
The company, which owns the Chicago Sun-Times, has been struggling in recent years with portions of its advertising revenue moving over to the Internet.
The company was also reportedly hit hard when former Chief Executive Officer Conrad Black was convicted of felony fraud charges in 2007.
The company, based on Monday's share price of $1.38 per share, has a market capitalization of $111 million, the report said.
Copyright 2008 by UPI
