Tweedy, Browne's stake in Sun-Times Media slips below 5%

By Lisa Kerner

Charlotte, N.C., May 13 - Tweedy, Browne Co. LLC decreased its ownership of Sun-Times Media Group, Inc. to 3.37% from 7.08%,with the sale of 2,363,191 shares of the company's stock, according to a schedule 13D filing with the Securities and Exchange Commission.

The shares were sold on March 28 and May 8 priced at $0.81 and $0.65 each, respectively, the filing stated.

The investor now owns 2,206,892 shares of the Chicago newspaper publisher.

As previously reported, Sun-Times Media retained Lazard to assist the company in its review of strategic alternatives, first announced on Feb. 4, which could include joint ventures, strategic partnerships or a sale of the company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.