Tyree May Be Sun-Times Superman

Mesirow Financial CEO reportedly looking to buy paper

Tuesday, May 5, 2009  |  Updated 12:23 PM CDT
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Tyree May Be Sun-Times Superman

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The Sun-Times may have found a buyer.

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Chicago financier James Tyree could be the Sun-Times Superman.

The CEO of Mesirow Financial Inc., told Crain's  he's put together a group of investors to resuscitate the bankrupt Sun-Times Media Group Inc.

Tyree has reportedly reviewed the financials of the Sun-Times and likes what he sees. He's discussed a potential bid with CEO Jeremy Halbreich that would "keep this great institution in Chicago."

Since filing for bankruptcy on March 31, the publisher of the Chicago Sun-Times and 58 surburban papers has been shopped around by investment bank Rothschild Inc. 

"The process is just getting started," a Sun-Times spokeswoman told Crain's, declining to comment further.

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