After the Chicago Sun-Times filed for bankruptcy last March, news of a potential buyer seemed like light at the end of a very dark tunnel. Chicago investor James Tyree made an offer of $5 million for the Sun-Times Media group’s newspapers and Web sites. Under the deal, he’d also pick up the company’s $20 million worth of debt. But unionized newsroom staff is rejecting parts of the deal. In a statement to Sun-Times employees, current Chairman Jeremy Halbreich warned that the bid – and the company – will go away if the unions did not approve the required amendments by the end of the month. Tom Thibeault from the Chicago Newspaper Guild explains what’s ahead. Bidder Tom Tyree declined our requests to join the conversation.

Music Button: Michael Camilo, “Liquid Crystal”, from the CD Spirit of the Moment, (Telarc records)