* 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. […]
Sources said Eisendrath had lost the confidence of the Sun-Times board, and that the paper was still losing money. Its path to profitability by no means assured, Eisendrath predicted earlier this year that the Sun-Times had no better than a “60 percent chance” of surviving for two years.
In addition, growing tensions between Eisendrath and Sun-Times editor-in-chief Chris Fusco had come to the board’s attention, according to insiders. Fusco’s predecessor as top editor, Jim Kirk, stepped down just weeks after Eisendrath took over. Eisendrath also raised eyebrows when he hired his wife, Jennifer Schulze, as executive producer – new media, reporting to her close friend, Carol Fowler, senior vice president of digital news products.
I had no beef with Ed, but they need to get back to being a good newspaper with a functioning website and forget about all those other gizmos. More reporters, less “digital news products” and “new media.”