Tyree names Sun-Times Media Group investors, senior management

By Caroline Salls

Pittsburgh, Oct. 16 - Sun-Times Media Holdings LLC lead investor Jim Tyree announced the names of the other members of the investor group that purchased the company's assets and the members of management who will oversee the day-to-day operations of the Chicago Sun-Times and Sun-Times Media Group's other publications and web sites, according to a Sun-Times Media Holdings news release.

In addition to lead investor Tyree, the investor group includes:

• Andrew Agostini and Ed Ross, principals and owners of J.L. Woode Ltd.;

• Kevin Flynn, chairman and chief executive officer of Emerald Ventures, Inc.;

• Ed Heil, investor and entrepreneur;

• Michael Mackey, senior managing director of insurance services for Mesirow Financial;

• Private investors William Parrillo and Robert Parrillo;

• Richard Price, president and chief operating officer of Mesirow Financial;

• W. Rockwell "Rocky" Wirtz, president of Wirtz Corp.; and

• Bruce Young, vice chairman of Mesirow Financial.

As head of the investor group, Tyree said in the release that he will provide strategic and capital planning, set the tone for the organization and provide support to each of the company's constituencies, but his full-time efforts will remain focused on his role as chairman and chief executive officer of Mesirow Financial.

The company's senior management will include CEO and vice chairman Jeremy L. Halbreich; president and COO Rick Surkamer; senior vice president, chief administrative officer and general counsel Jim McDonough; and senior vice president of advertising and marketing media Barbara Swanson.

The senior management will also include Chicago Sun-Times and Pioneer press publisher John Barron; Fred Lebolt, president and publisher of Southtown Star, Fox Valley Publications and New Media Integration; Lisa Tatina, publisher of the Post-Tribune; David Martin, senior vice president of business development; vice president of operations Kevin King; vice president of human resources Ted Rilea; vice president of technology Jeff Kane; and vice president of circulation sales and service Courtney Price.

According to the release, the asset sale, which was approved during the Oct. 5 week by the U.S. Bankruptcy Court for the District of Delaware, is scheduled to close later this month.

Sun-Times Media is a Chicago newspaper company that filed for bankruptcy on March 31, 2009. Its Chapter 11 case number is 09-11092.

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