updated 11/12/2010 1:01:11 PM ET 2010-11-12T18:01:11

The CEO of Sun-Times Media Holdings says the company plans to close 11 free weekly newspapers in suburban Chicago.

CEO Jeremy Halbreich says the move announced Thursday is part of Sun-Times Media's efforts to reduce costs.

Halbreich says the media company doesn't expect any workers to lose their jobs. He estimates that, at most, five jobs will be cut.

The parent company of the Chicago Sun-Times is working with advertisers, who have been notified about the changes.

The papers slated to close in late December are in Batavia, Bolingbrook, Downers Grove, Fox Valley, Geneva, Glen Ellyn, Homer Glen, Lisle, Plainfield, Wheaton and the southwest suburban Lincoln-Way area.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com