Briefs - NewsInc

Briefs

By NewsInc

  • Release Date: 2008-01-21
  • Genre: Business & Personal Finance
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Briefs NewsInc Book Review Score: ★★★★★ 5/5 stars

*Investor wants smaller Sun-Times board: K Capital Management LLC of Boston, which holds an almost 10-percent interest in Sun-Times Media Group Inc., said last week that it believes that Sun-Times should undergo "an immediate and radical change" to its board of directors. Sun-Times is the troubled successor company to Hollinger International Inc., whose former top executive team -- including its former chairman and chief executive, Lord Conrad Black -- have been convicted of fraud and accused of taking millions of dollars out of the company. "2008 will be a critical year for Sun-Times, during which it will implement a restructuring of its operations and balance sheet and also, the market expects, begin the evaluation of a sale of the company," said K Capital in a letter filed with the Securities and Exchange Commission. "K Capital believes that the company needs an immediate and radical change in the board of directors to oversee these decisions." K Capital additionally wrote to Richard Breeden, the former head of the SEC who is the special monitor for Sun-Times. *Scripps launches political site: Combining the technology of a social networking site with the volatility of a political argument, The E.W. Scripps Co. last week launched a new web site, RedBlueAmerica.com, that is "designed to appeal to the significant percentage of Americans who are engaged in the political process and have a deep interest in the diversity of opinion in American society." Founded by Scripps Newspapers' vice president of news -- and editor and publisher of its Rocky Mountain News -- John Temple, the site will be moderated by conservative blogger Ben Boychuck and liberal blogger Joel Mathis. RedBlueAmerica.com will be a place where political enthusiasts will "always find the best thinkers on their own side stacked up against the best thinkers on the other side; a place for a lively and civil conversation about the topics people are talking about -- or should be talking about."

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