OREANDA-NEWS. On March 16,2007 Sun-Times Media Group, Inc. (NYSE: SVN) reported results for the fourth quarter and year 2006 ended December 31. The Company also filed its 2006 Annual Report on Form 10-K, reported the press-service of Sun-Times Media Group.

For the fourth quarter, the Company reported a net loss of  $34,6 million or $0,43 per share, compared to a profit of $31,6 million or $0,35 per share, in the fourth quarter of 2005. The loss from continuing operations was $36,3 million or $0,45 per share, compared to a profit from continuing operations of $6,2 million or $0,07 per share, in the fourth quarter of 2005.


For the year ended December 31, the Company reported a net loss of $56,7 million or a loss of $0,66 per share, compared with a loss of $11,6 million, or a loss of $0,13 per share, for the year ended December 31,2005. For the year, the loss from continuing operations was $77,6 million, or $0,91 per share, versus a loss of $45,5 million, or $0,5 per share, in 2005. Items affecting the fourth quarter and full year losses from continuing operations are detailed in a table below.


Cyrus F. Freidheim, Jr., chief executive officer, said: "The 2006 results, which are reflective of the challenging market and competitive environment of the business, are clearly disappointing. However, we now have a new management team in place with the mandate to create a revitalized business out of what is a great journalistic product and the number one source of news in the greater Chicago area."


The Company plans to review 2006 results and announce its business plans for 2007 and 2008 in a presentation that will be webcast on April 4, 2007.