The Sun-Times Media Group was put up for sale yesterday by directors who blamed the management of former media baron Conrad Black for the company’s current difficulties.  Financial statements for the company, which owns the Chicago Sun-Times and several other Chicago-area newspapers, are awash in red ink. The company took in $419 million last year, but lost $57 million after all expenses were counted.

The Sun-Times Media Group was put up for sale yesterday by directors who blamed the management of former media baron Conrad Black for the company’s current difficulties.  Financial statements for the company, which owns the Chicago Sun-Times and several other Chicago-area newspapers, are awash in red ink. The company took in $419 million last year, but lost $57 million after all expenses were counted.

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Kelly Toughill is an associate professor of journalism at the University of King's College and founder of Polestar Immigration Research Inc.