Earnings

Realignment Of Sun-Times Executives

 

CHICAGO (AP) — The Sun-Times Media Group Inc. announced another shake-up in its top management.

Thomas L. Kram succeeds David C. Martin as senior vice president for finance and chief financial officer. Martin, who had held the financial post on an interim basis, was named senior vice president for business development.

The appointments take effect immediately, the company said in a statement Wednesday.

Kram, 49, will report to Jeremy L. Halbreich, the company's newly appointed chairman of the board and interim chief executive officer. Martin, 52, will report to Rick Surkamer, president and chief operating officer.

The announcement comes one week after John Barron, who was named Chicago Sun-Times publisher in February, assumed the same role for financially struggling company's Pioneer Press division.

Wednesday's announcement was the latest in a series of leadership shake-ups. In recent weeks, the company announced Sun-Times Managing Editor Donald Hayner would become editor-in-chief, replacing Michael Cooke, who left to become editor of the Toronto Star.

Halbreich, the former president and general manager of the Dallas Morning News, recently replaced former chief executive officer and chairman Cyrus Freidheim, who resigned.

Sun-Times Media Group owns the Chicago Sun-Times and dozens of suburban newspapers and Web sites in the Chicago area. The company has made recent cuts due to declining advertising revenue, including February's closure of 12 weekly newspapers, and has asked union employees to take cuts in compensation.

>To order reprints of this article, click here: Reprints

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,393.45 1,310.33 2,827.34 15.81
Oil *
101.78
DOWN
26.41
DOWN
2.99
DOWN
10.02
DOWN
0.44
10 Yr
1.58%
SPDR Gold
151.62
-0.21%
-0.23%
-0.35%
-2.71%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet