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Does the Sun Times Media Group have value? Or even a future?

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blog.fourcher.net - 476 views    bury it

A close look at the complex bankruptcy filings of the Sun Times' parent company, the Sun Times Media Group, to try and figure out the worth of the Sun Times as it struggles through bankruptcy and tries to find a buyer.

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lanarama 31 weeks 3 days ago
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1
Clout

I forgot about Conrad Black, which is silly when you consider he's the whole reason the S-T is in this predicament.

qstrian 31 weeks 3 days ago
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1
Clout

Intellectual property may be the Chicago Sun Times most valuable asset.

lanarama 31 weeks 3 days ago
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1
Clout

More goodness from Mr. Fourcher.

I most enjoyed the link to the page of footnotes listing every company the Sun-Times Media GRoup has an equity stake in:

http://www.kccllc.net/documents/0911092/0911092090601000000000001.pdf

Warning, it's a PDF.

The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax
identification number, are:
Sun-Times Media Group, Inc. (8892);
American Publishing (1991) LLC (9303);
American Publishing Company LLC (5797);
American Publishing Management Services, Inc.(7433);
APAC-95 Oklahoma Holdings, Inc. (1123);
Centerstage Media, LLC (1160);
Chicago Group Acquisition LLC (4250);
Chicago Sun-Times Features, Inc. (9928);
Chicago Sun-Times LLC (7749);
Digital Chicago Inc. (0626);
Fox Valley Publications LLC (2434);
HGP, Partnership (4292);
HIPI (2002) Inc. (3946);
Hollinger Australian Holdings Limited (3321);
Hollinger International Publishing Inc. (0603);
HTH Benholdco LLC (8274);
HTH Holdings Inc. (8275);
HTNM LLC (0714);
HTPC Corporation (9332);
LHAT Corporation (8117);
Meridian Star, Inc. (3390);
Midwest Suburban Publishing, Inc. (1455);
Oklahoma Airplane LLC (1123);
Pioneer Newspapers Inc. (0502);
Reach Chicago LLC (4252);
Sun Telemarketing LLC (8780);
Sun-Times Distribution Systems, Inc. (9838);
Sun-Times PRD Inc. (8118);
TAHL (2002) Inc. (3945);
The Johnstown Tribune Publishing Company (7927);
The Post-Tribune Company LLC (7370);
The Red Streak Holdings Company (9358);
The Sun-Times Company (7751);
XSTMHoldings LLC (9284).

The location of the Debtors’ corporate
headquarters and the service address for all Debtors is: 350 N. Orleans St., Floor 10-S, Chicago, IL
60654.

Mike, you don't link to the page this footnote refers to. Are these really all the companies the STMG has an equity stake in?

I recognize Centerstage, and a few of these, but what's everything else?

vouchey 31 weeks 3 days ago
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Iana, you're looking at the myriad of weeklies and shoppers assembled by STMG, as well as the Johnstown (PA) Tribune, what remains of the free daily, Red Streak and papers Hollinger International once owned in Australia, Canada and Israel. Oklahoma Airplane, LLC is the strangest, since it's an airplane training and rental company in OK City. I think there used to a mining company in there too. Consider it all the detritus of Lord Conrad Black's legacy.

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By vouchey
31 weeks ago
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