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chicago sun times

Wednesday Business Links

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• Clear Channel, its private equity buyers and the banks that agreed to finance the company's acquisition have settled their litigation. Shareholders are now being offered $17.9 billion ($36 per share), down from the original bid of $20 billion ($39.20 per share).

Chicago Sun-Times to Cheryl Reed: Here, we put these words in your mouth. We think they are tastier.

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"The Chicago Sun-Times today named Tom McNamee its editorial page editor after Cheryl L. Reed resigned, saying in a note to her staff she was "deeply troubled" the paper's presidential primary endorsements of Barack Obama and John McCain were subjected to "wholesale rewrites" by people outside the editorial board.

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