SVN news out before EOD yesterday, this should help with trading today, I look for volume to be up a bit and some nice gains
Chicago Sun-Times Cuts Publication Size, Follows Indus Trend
CHICAGO (AP)--The Chicago Sun-Times debuted a smaller edition Tuesday, following in the footsteps of scores of other newspapers that are scaling back the size of their publications.
The revamped tabloid, published by Sun-Times Media Group Inc., is about 12-inches tall, roughly an inch shorter than its earlier editions.
Spokeswoman Tammy Chase said the change is part of the media company's efforts to trim operating costs by $50 million this year.
The move comes at a time when broadsheet publications are adopting a 12-inch-wide format, including The Wall Street Journal, The New York Times, The Washington Post and the Los Angeles Times.
Because the Sun-Times is a tabloid, its height is comparable to a broadsheet newspaper's width.
Converting to the more standard size makes it easier to sell ads, increasingly important as newspaper publishers look for ways to save money amid slumping ad revenue, declining circulation and a loss of readers.
The ailing newspaper publisher is particularly vulnerable, and executives earlier this month announced plans to lay off 35 workers from the newsroom of the city's second-largest daily after the Chicago Tribune.
Shares of the Sun-Times Media Group (SVN), which also owns dozens of smaller area newspapers, was unchanged at $2.04 in afternoon trading.
On the Net:
www.thesuntimesgroup.com
(END)
A tornado is like a stock, it takes just the right conditions to form a huge one but once it forms, nothing can stop it!
my posts are only my opinions, nothing more
AI
