Business

Feder: Eisendrath resigns as CEO of Chicago Sun-Times' parent company

Posted October 31, 2018 1:00 am

Robert Feder

Edwin Eisendrath, the former Chicago alderman who led the investment group that bought the Chicago Sun-Times last year, has resigned after 16 months as chief executive officer of the struggling newspaper's parent company.

Along with his departure, effective immediately, the company announced the appointment Wednesday of Nykia Wright as interim CEO. Wright joined Sun-Times Media Group as chief operating officer last October after working as a financial analyst and consultant for companies in Chicago, Atlanta and London.

"Now that path ahead is a clear, it is time for me to move on," Eisendrath said in a statement. He said he had been "largely successful" at saving and maintaining the Sun-Times as an independent voice, and he predicted that by early next year "the company will be cash flow positive for the first time in recent memory."

• See the full report at robertfeder.com.

Nykia Wright has been named interim CEO of the company that owns the Chicago Sun-Times.

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