The news is getting worse in the newspaper industry. The Sun-Times Media Group, which presides over the Chicago Sun-Times and 58 other newspapers, has filed for bankruptcy. It's the fifth newspaper publisher in recent months to seek protection from creditors.

Sun-Times Media Group Files For Bankruptcy

Sun-Times Media Group Inc. has become the second newspaper publisher in the Chicago area, and the latest among several around the U.S., to file for Chapter 11 bankruptcy protection at a time of unprecedented advertising revenue declines in the newspaper industry.

Consumer Confidence Hovers Near Low; Peru Stock Market Turns a 180; Air Canada Changes Direction; Barclay’s Holding iShares Sale Talks; Mexico Wants $40 Billion from IMF; Second Chicago Paper Goes Bust; Private Equity Firms May Invest in “Toxic” Assets; Google Forms Venture Capital Arm

• U.S. consumer confidence, as measured by the…

Consumer Confidence Hovers Near Low; Peru Stock Market Turns a 180; Air Canada Changes Direction; Barclay’s Holding iShares Sale Talks; Mexico Wants $40 Billion from IMF; Second Chicago Paper Goes Bust; Private Equity Firms May Invest in “Toxic” Assets; Google Forms Venture Capital Arm U.S. consumer confidence, as measured by the Conference Board’s ...