Business Services Industry
Sun-Times Media Group COO to Join Canadian Broadcasting Company
Business Wire, Sept 19, 2007
CHICAGO -- Sun-Times Media Group, Inc. (NYSE:SVN) announced today that John Cruickshank, Chief Operating Officer and Publisher of the Chicago Sun-Times, will join the Canadian Broadcasting Corp. (CBC) as Publisher of CBC News.
"We recognize this as an exciting opportunity for John at Canada's premier news organization," said Cyrus F. Freidheim, Chief Executive Officer of Sun-Times Media Group. "John led this Company through very difficult times and repeatedly asserted its integrity, assuring its future as a highly respected news organization. He has made solid progress in implementing our turnaround plan, and while his presence will be sorely missed, the pieces are in place to ensure we will not miss a beat."
Mr. Cruickshank, a native of Canada, joined the Chicago Sun-Times in 2000, and was named Chief Operating Officer of the Sun-Times News Group and Publisher of the Chicago Sun-Times in November 2003. Prior to joining the Sun-Times, Mr. Cruickshank was Editor-in-Chief of The Vancouver Sun from 1995 to 2000. Previously, he was Managing Editor of The Globe and Mail in Canada, which he joined as a reporter in 1981.
"It is tough to leave this revitalized organization and the excellent people here. I am proud that the Sun-Times News Group continues to be Chicago's best local source of news and information," said Mr. Cruickshank. "This was a difficult decision, but one I am excited about."
The Company expects to name Mr. Cruickshank's successor in the near future.
About Sun-Times Media Group
Sun-Times Media Group, Inc. is dedicated to being the premier source of local news and information for the greater Chicago area. Its media properties include the Chicago Sun-Times and Suntimes.com as well as newspapers and Web sites serving more than 200 communities across Chicago. Further information can be found at http://www.thesuntimesgroup.com.
Cautionary Statement on Forward-Looking Statements
Certain statements made in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe," "anticipate," "expect," "estimate," "project," "will be," "will continue," "will likely result" or similar words or phrases. Forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from the forward-looking statements. The risks and uncertainties are detailed from time to time in reports filed by Sun-Times Media Group with the Securities and Exchange Commission, including in its Forms 10-K and 10-Q. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such risk factors on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
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