Business Services Industry
Sun-Times Media Group Announces Executive Appointments
Business Wire, Sept 26, 2007
CHICAGO -- Sun-Times Media Group, Inc. (NYSE:SVN) announced today that Rick Surkamer, Vice President of Operations, has been promoted to Chief Operating Officer effective October 1, 2007. Mr. Surkamer replaces John Cruickshank, who resigned last week as Chief Operating Officer and Publisher of the Chicago Sun-Times to join the Canadian Broadcasting Corp. (CBC) as Publisher of CBC News.
In addition, Sun-Times Media Group announced that Chief Executive Officer Cyrus F. Freidheim will also become Publisher of the Chicago Sun-Times. Michael Cooke will become Vice President, Editorial for all Sun-Times News Group publications in addition to his current role as Editor in Chief of the Chicago Sun-Times. Together, Mr. Freidheim and Mr. Cooke will continue the progress made by Mr. Cruickshank to solidify the Company's position in its transforming industry as the best source of local news and information in Chicago.
In his new post, Mr. Surkamer will continue to be responsible for production, distribution and procurement. In addition, he will be responsible for advertising, marketing and the operating units of the Sun-Times News Group, including the Chicago Sun-Times and all suburban titles and operations.
Mr. Surkamer, 54, joined the Company in January. Prior to January, he was President and Chief Operating Officer of Rollex Corp., a manufacturer and distributor of building products based in Elk Grove Village, Ill. He began his career in newspapers with the Chicago Tribune, where he held a variety of managerial positions in circulation, distribution and production.
"I'm delighted by this opportunity," Mr. Surkamer said. "There is a lot of energy and excitement at this Company and much potential. I am eager to continue the progress we have made so far."
"Rick is superbly talented and a natural for this important position," said Mr. Freidheim. "His extensive background in printing, manufacturing, distribution and newspapers has contributed to his effectiveness as Vice President of Operations. His ascendancy to this post will help the Company continue the momentum in our turnaround plan announced earlier this year."
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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