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The announcement to the surviving staff began: “In order to successfully launch the SouthtownStar and ensure the proper execution of our editorial mission, Frank Shuftan and Mike Waters will serve as co-publisher/editors. Frank and Mike have done tremendously valuable work over the past several months to maintain the quality of their respective papers while engaging in, and in many ways leading, the process that is creating our new paper. It has been a difficult and challenging exercise, executed within a very short time. We thank them for their dedication and vision, and look forward to more of it.”
Yeah, right. Yesterday the same leaker wrote back to report, “Both publishers got the axe today. leaving tomorrow.” Shuftan and Waters issued a joint statement saying their good-byes:
The merger of the two papers is expected to save the Sun-Times Media Group about $3 million. The goal is $50 million.
