Chicago Sun-Times Bankruptcy Filing document

Take a look at who is owed money and has a claim against the Chicago Sun-Times, which put its owners first above the everyday hardworking employees:

You can click here to view the filing.

-- BT

Chicago Sun-Times continues its slide, begs for investors

The latest in a train of suitors to take the Chicago Sun-Times out on a date is Michael W. Ferro Jr. Ferro, who is a pal with every major corporate bigwig in Chicagoland, owns Merrick Ventures LLC. In terms of money, that's great news for the failing Chicago Sun-Times which has seen a steady decline in their newspaper circulation, under 400,000 in the past month and continuing to fall. Of course, that figure represents about 189,000 newspapers for the Chicago Sun-Times and 200,000 newspapers for the nine suburban papers it absorbed and pillaged for advertising over the years.

You can say with certainty, the Sun-Times drive to cannibalize its stable of community newspapers has kept it afloat at the cost of good journalism.

Now, journalism is to be replaced by corporate greed. Ferro leads a team of well known corporate robber barons who have squeezed industries and jobs over the years. If you read the "Philosophy" page for Merrick Ventures, LLC. (Click here to read it.) No where is there any mention of the public good or the public trust or the public interest. There is nothing in their "philosophy" to even suggest that the Chicago SunTimes, which was once a great newspaper, will be strengthened in the journalism philosophy or that the mission will be to restore the newspaper's long lost credibility.

Benjamin Franklin discerned the keys to making America great and posted many words of wisdom in his Poor Richards Almanac. Franklin's sentiment that, "So much for Industry, my Friends, and Attention to one's own Business; but to these we must add Frugality, if we would make our Industry more certainly successful," applies equally to entrepreneurs and business leaders today as it did to the people of 1757.

To quote Ben Franklin sounds so patriotic, but the truth is that Franklin focused on cutting costs and no media has done more to cut costs by firing employees and destroying families than the Chicago Sun-Times, Laying off 400 workers and then to out-source its printing to the union busting Chicago Tribune is only one example of how little the newspaper cares about its employees.

Merrick will simply make that drive to trim human beings and reduce the news hole and, worse, skewer objectivity to reflect the special corporate interests that are tied to the Merrick Ventures, LLC president, Michael W. Ferro Jr.

No newspaper has work harder to destroy itself than the Chicago Sun-Times. At that, they have been successful. It is but a thin pulp of itself.

- BT

Chicago Sun-Times planning more lay-offs

As profits tumble and news content disappears, the Chicago Sun-Times bosses are planning to cut more editorial positions from the newspaper.

As many as six positions are being eyed for dismissal including two buyouts.

The Chicago Sun-Times has been misleading advertisers telling them they are on the "rebound" (not true) and that circulation is over 450,000. That is an outright lie. Imagine, a newspaper that has to lie to stay in business. And they point fingers at others? Pathetic!

The newspaper's circulation is about 215,000 daily, not including the suburban community newspapers the parent company owns. But the newspaper owners are pushing to increase repayment of their investments hoping that by the time the newspaper closes its doors, they will have recouped not only their investments but also an equal amount in profits.

And the editors do not care.

-- BT

Chicago Sun-Times violating union agreements

Ever since the Chicago Sun-Times started pillaging the regional community newspapers, it has been violating its claim to be a union newspaper. The majority of community newspapers it grabs are non-union. And the Chicago Sun-Times has been using that fact to save money, They have been gutting the community newspapers and fleecing them for their advertising revenues to support their own deteriorating business.

The Chicago Sun-Times takes articles from the non-union newspapers that are written by non-union employees and they publish them in the Chicago Sun-Times, filling valuable editorial content space which has become smaller and smaller in the paper. In other words, space is a premium for new copy and there isn't as much today as there was in the past.

But the worst thing is that the articles they take from non-union writers are replacing articles that could have been written by union writers at the Chicago Sun-Times.

So, by doing this, they have been able to shove union workers aside. And worse, they have used this system to support their policies of firing union writers who are paid at a higher rate than the non-union workers who writing they are exploiting.

You won't see this story in the Chicago Sun-Times because they do not write about or expose their own unethical misconduct and their hypocrisies and double standards. And since they have that big fat-cat contract to the Chicago Tribune to publish the Chicago Sun-Times, at the expense of 400 loyal union printers, the Chicago Tribune won't write about it either. The Tribune has been bought off.

Instead of writing about this, the Chicago Sun-Times has been publishing really stupid and pointless stories about other topics including: the PR for Bank of America. Instead of reporting and criticizing the bank for imposing outrageous ATM card fees, is getting Chicago Sun-Times PR support to boost their image. And there is the ongoing ridiculous charges against the Town of Cicero that, wow, politicians hire their relatives -- like not every municipality government leader is hiring their own relatives too? Amazing waste of news space.

Of course, when it comes to nepotism, the Chicago Sun-Times is right up there hiring their relatives and putting relatives of their business owners in key positions. Nepotism is only bad when someone else does it, not the Chicago Sun-Times.

BT

Union-busting Chicago Sun-Times, more lay-offs and Marin still a hypocrite

Chicago Sun-Times management is mulling a plan to fire editorial workers including two reporters who they believe have been "disloyal" to their newspaper. One is an investigative reporter. Another is a beat reporter. 

The newspaper also reportedly met with the publishers of three of its top non-union community newspaper properties and, to undermine the union, agreed to use more non-union editorial copy from the non-union newspapers.

It's a cute anti-union gimmick. Buy up anti-union newspapers and then use the anti-union workers (exploit them) to fill up copy in the "union" newspaper the Chicago Sun-Times.

The end result is that the Chicago Sun-Times is doing more to bust the union than the Chicago Tribune ever did; not to mention that the Sun-Times fired 400 union workers (including mwaaaah) so that they could save money by publishing at an anti-union printer -- the Chicago Tribune.

Normally, Carol Marin would write about these shenanigans but she has been compromised -- at her own choosing, of course. She is allowed to triple-dip and hold several jobs (at the expense of the union workers who were fired). So Carol Marin is doing very well financially, which makes it easy for her to slam others.

Unethical. Hypocritical. And a true journalism double-standard that the Chicago Sun-Times hopes no one will see.

BT

Sun-Times slanders Braun to promote pals of its questionable business wners

Chicago Sun-Times pit bull poodle Carol Marin is assaulting Carol Moseley Braun. Marin alleges falsely that Braun's campaign for mayor failed to disclose more than $300,000 in spending. That's not true but anything Marin writes is published in the Sun-Times regardless of backup facts.

To make it worse, Marin accused Braun of throwing her elderly campaign worker "under the bus" in order to make Braun look even worse.

Braun simply said that one of her aides was putting the documentation together and may not have recorded everything. That's a far cry from stealing or fiscal mismanagement or violating state laws.

Why is Marin attacking Braun? Because Marin was a backer and supporter of first Gery Chico, but when it looked like Chico was losing to Rahm Emanuel, she was ordered by the newspaper owners (yes, the newspaper is owned by Chicago businessmen and a few mobsters and sultry characters) to switch to Emanuel. And she did.

The people of Chicago are not getting the straight story from the Sun-Times and the Sun-Times is not being fair or ethical. The newspaper has hired 18 people who are related to owners of the Sun-Times, while firing 400 union workers to break the union. They gave the newspaper to the Chicago Tribune to print, which basically means it is the Chicago Tribune that owns the Sun-Times.

Union-busting has always been one of the Sun-Times goals to profit from the dying newspaper.

It's a shame that the Chicago Sun-Times is so pathetic today. Although it "won" a Pulitzer -- it's first ina  long time, it came at the cost of hundreds of families, employee wages and a major part of the newspaper's collapsing ethics.

Boycott the Chicago Sun-Times and tell them you do not support the robber barons who now own it and are destroying it.

The reporters who work there agree but they are afraid to speak up, The Sun-Times union has been gutted by management and pressures from the business cronies and investors who are using the Sun-Times to elect their pals, profit for their businesses and strike out at their foes.

Tragic.

Click here to read Marin's latest PR Release for her friends who hate Braun.

BT

Chicago Sun-Times plays shell game with its circulation numbers

The Chicago Sun-Times, which dissects spoon-fed stories about Chicago and Cook County budgets is playing a shell game with its circulation numbers.

The newspaper claims it has a circulation of 419,000 newspaper on an average day. But, like most stories in the anorexic newspaper, the numbers are fabrications and lies. The 419,000 figure is actually a combination of the Sun-Times and all of its community newspapers that it has purchased to gut and then pillage for advertising revenues.

Faced with bankruptcy, the newspapers has been promoting itself as the 10th largest newspaper in the Midwest, based on circulation and 14th largest in Sunday circulation using the skewered system hoping to fool advertisers. Sunday is traditionally a newspaper's largest circulation day.

But the lie is obvious to anyone who looks.

The real Sun-Times circulation is a meager 251,000 papers for 2011.

That's compared to 486,900 in 2004 (when it previously inflated its numbers to fool advertisers. Read that story?) And that's pathetic.

How does it double it's phony numbers? By adding the circulations of its community newspapers: In addition to the Chicago Sun-Times, the figures include six daily suburban papers — Beacon-News (Aurora), Courier-News (Elgin), Herald-News (Joliet), Lake County News-Sun, Post-Tribune (Merrillville, Ind.) and the SouthtownStar — the three-times weekly Naperville Sun and 32 weekly newspapers published by the Pioneer Press.

One strong boycott would put the newspaper (and its readers) out of their misery.

The lying liars at the Chicago Sun-Times do it again.