New book by Larry Connors Click here Improve your trading - See how
Cooke told his staff by memo a day after former Sun-Times colleague John Barron was appointed publisher by parent Sun-Times Media Group. In Toronto, Cooke will reunite with former Sun-Times Publisher John Cruickshank, now publisher of the Star.
Sun-Times Media on Tuesday installed former Dallas Morning News General Manager and American Consolidated Media founder Jeremy Halbreich as its new board chairman and interim chief executive to address the company's financial challenges.
The Sun-Times did not immediately name Cooke's successor.
Cruickshank and Cooke came to Chicago together from separate Vancouver papers to jointly oversee editorial operations at the Sun-Times in 2000. Cruickshank was eventually upped to publisher.
Cooke left in January 2005 to become editor of the New York Daily News. But Cruickshank welcomed him back the following December. Cooke was moved into his current post of editor in chief of all the company's area publications (including the Sun-Times) in September 2006, while Barron, who had succeeded Cooke as Sun-Times editor, became executive editor of the company's area papers en route to becoming general manager.
"We will miss Michael and the exceptional flair and creativity that he brought to Sun-Times news coverage," Barron said in a statement.
Besides naming Barron and Halbreich to new posts Tuesday, Sun-Times Media gave Chief Operating Officer Rick Surkamer added responsibilities as president.
Cooke, 56, whose newspaper career began at age 17 in his native England, wrote that the chance to rejoin both the Star, his first North American paper, and Cruickshank, was "irresistible."
Acknowledging the Sun-Times' financial woes, Cooke told staffers he believes the next two years "will be difficult and painful for the newsroom," but he noted local businessmen have privately expressed "a strong interest in keeping the paper flourishing."
Sun-Times Media cut $50 million in annual expenses last year and seeks deeper cuts this year to stem losses. The company's Post-Tribune reported Wednesday that its building in Merrillville, Ind., is for sale, as is the home of the Crown Point (Ind.) Star and Shopping News.
philrosenthal@tribune.com
To see more of the Chicago Tribune, or to subscribe to the newspaper, go to http://www.chicagotribune.com. Copyright (c) 2009, Chicago Tribune Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
