The value of having two major daily newspapers in Chicago has numerous benefits. For instance, the competition between the Chicago Sun-Times and the Chicago Tribune is the reason why the Tony Rezko story didn't remain hidden, as Barack Obama hoped it would. One of those papers is for sale.
Sun-Times Media Group Inc., parent of the Chicago Sun-Times, put the city's second-largest daily and "any or all" of the company's assets up for sale Monday amid a crippling decline in advertising and revenue at its newspapers.
The company said its board of directors also is looking at other strategic alternatives to increase shareholder value, including joint ventures or strategic partnerships.
The Sun-Times Media group also owns the Daily Southtown and a whole bunch of suburban papers, including the Morton Grove Champion.
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