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Sun-Times Media Group (until recently Hollinger International) is the holding company of a Chicago based newspaper group. Thirty percent (and 78% of the voting share) of the group is owned by Canadian based Hollinger Inc. - an 84% controlling stake is owned by controversial Canadian businessman Conrad Black through his Ravelston Corporation. He attempted to sell this stake to the Barclay brothers in January 2004 and the brothers launched a takeover bid for the rest of Hollinger International. However the sale was blocked by a judge in the United States after the company's board lodged a court action against the sale. The Barclay brothers later bought The Telegraph Group which included The Daily Telegraph, The Sunday Telegraph, and The Spectator. On November 16, 2004 the sale of The Jerusalem Post to Mirkaei Tikshoret, a Tel Aviv-based publisher of Israeli newspapers, was announced. CanWest Global Communications, Canada's biggest media concern, announced it has agreed to take a 50 percent stake in The Jerusalem Post after Mirkaei buys the property. In February, 2006, Hollinger sold substantially all of its Canadian assets.* The corporation's name was changed to Sun-Times Media Group on July 17, 2006.* Assets now include the Chicago Sun-Times in the United States, and various suburban and neighborhood newspapers in the Chicago area, including the Post-Tribune of Northwest Indiana, the Pioneer Press group, the Daily Southtown, the Beacon News-Sun Publications group in the Aurora-Naperville area, The Star (Tinley Park), and the Lake County News Sun. It also owns the Centerstage Chicago entertainment site.
Sun-Times Newspapers Corporate governance October 2005 Current members of the board of directors of the corporation are: Gordon Paris, Richard Burt, Daniel Colson, Cyrus Freidhelm, Henry Kissinger, Shmuel Meitar, John O'Brien, Richard Perle, Graham Savage, Raymond Seitz, and James R. Thompson. | ||||||||
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