'Ugly year' for Chicago media group

The ailing US newspaper publisher, Sun-Times Media Group, is to eliminate some community publications and may yet sell off its flagship title, the Chicago Sun-Times. Chief executive Cyrus Freidheim says: "By the end of 08, we intend to have ownership options and a strategy for growth." A new business plan encompasses a number of measures, such as closures, integrating electronic and print media, redesigning papers and cutting costs. But Freidheim warns that 2007 will be another "ugly year" for the company. (Via CBC)