CHICAGO, Oct. 8 (UPI) -- A U.S. Bankruptcy Court judge approved the sale of Sun-Times Media Group Inc. to an investment group unions had previously rejected.
However, several union groups approved a new deal worked out Wednesday with investors led by James Tyree, Chief Executive Officer and Chairman of Mesirow Financial Holdings Inc., Crain's Business Journal reported.
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That leaves two union groups left to vote on the deal, but those groups are expected to approve the new terms, Crain's reported.
Sun-Times Media Group's interim Chief Executive Officer Jeremy Halbreich said he was "very pleased and very excited," about the sale that would give the Sun-Times a second life.