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Sun-Times' latest story: Ch. 11

Posted on March 31, 2009 3:16 PM
The owner of the Chicago Sun-Times filed for Chapter 11 on Tuesday with the intent to sell assets, becoming the second Chicago newspaper publisher to file for bankruptcy in four months.

Sun-Times Media Group Inc. submitted its Chapter 11 petition with the U.S. Bankruptcy Court for the District of Delaware. The company listed $479 million in assets and $801 million in debt in its filing.

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