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US: Chicago Sun-Times CEO resigns

 |  November 1, 2018
According to the Chicago Tribune, Chicago Sun-Times Media CEO Edwin Eisendrath announced his resignation Wednesday, stepping down a little over a year after leading an investor group’s purchase of the tabloid newspaper

Eisendrath, a former alderman who partnered with the Chicago Federation of Labor and other investors to buy the money-losing Sun-Times, Chicago Reader and other assets in July 2017 for $1, told staffers in a statement that he tendered his resignation at a recent board meeting.

It is unclear what, if any, ownership stake Eisendrath has, but Sun-Times spokeswoman Kimberly Eberl said he will remain on the board. Nykia Wright, who has been chief operating officer of Sun-Times Media since October 2017, has assumed the role of interim CEO effectively immediately, the company said.

Full Content: Chicago Tribune

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