Filed under: Engagements, Public or private?

Sun-Times Media Group, Inc. (NYSE: SVN), the Chicago and national news operation, announced this day that Lazard, a unit of Lazard Ltd. (NYSE: LAZ), will assist the company in evaluating strategic alternatives in an effort to boost shareholder value.

On February 4, the company reported that they were evaluating strategies, including joint ventures or partnerships with third celebrations and the sale of the any or all of its assets,. But by hiring Lazard, they are indicating that the company is more likely to actually find those alternatives than if they just search on their own.

It doesn’t exactly take a rocket scientist to comprehend the problems and issues in local media companies in newspapers, television, or radio. Sun-Times operates in more than 200 communities, so even if the company doesn’t sell its entire operations it will have many units that could be up for grabs.

Jon Ogg is a partner and editor of 247WallSt.com.

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This entry was posted on Wednesday, March 12th, 2008 at 4:09 am and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.