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Chicago financier James Tyree is assembling a group of investors to bid on Sun-Times Media Group Inc.

Mr. Tyree, CEO of Mesirow Financial Inc., told Crain's he has reviewed Sun-Times' books and discussed a possible bid with CEO Jeremy Halbreich and other company executives.

Associated Press Chief Tom Curley threatens a news blackout. Will Google flinch?

A five-part Los Angeles Times series on the futility of government efforts to quell the growing threat of wildfires won a Pulitzer Prize on Monday, and the New York Times claimed five of journalism's highest awards in a year that recognized the watchdog function of the press even as newspapers struggle to survive.

The Sun-Times Media Group, owner of the Chicago Sun-Times and dozens of suburban newspapers, has filed for bankruptcy protection from creditors.

Washington Post Co plans to offer a new round of buyouts in 2009 to employees at its namesake, money-losing newspaper and cannot rule out layoffs, its publisher said on Thursday.

La Jolla-based Copley Press Inc. is selling its flagship paper for an undisclosed sum.

The final edition of the Post-Intelligencer is further evidence of the decline of print, leaving the city's journalists to map the unknown territory of a new media landscape.

Tuesday's edition of the Seattle Post-Intelligencer will be the last copy to be printed, as a slimmed-down edition moves solely online.

The biggest challenge facing America's struggling newspaper industry may not be the high cost of newsprint or lost ad revenue, but ignorance stoked by drive-by punditry.

The Washington Post plans to fold its business news coverage into the main news section, making it the latest newspaper to reorganize in difficult times for print media.