-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UcqDsHa4wJ0dX1eDptm+F/fLljRqaX4vwO15BKrbT//OqXwRgwRmq1ZqdpfoSESE 7e2g5VHr6Pb1IEPWru574Q== 0000902664-07-002719.txt : 20070829 0000902664-07-002719.hdr.sgml : 20070829 20070829165020 ACCESSION NUMBER: 0000902664-07-002719 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070829 DATE AS OF CHANGE: 20070829 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SUN-TIMES MEDIA GROUP INC CENTRAL INDEX KEY: 0000868512 STANDARD INDUSTRIAL CLASSIFICATION: NEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING [2711] IRS NUMBER: 953518892 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-43563 FILM NUMBER: 071088201 BUSINESS ADDRESS: STREET 1: 350 NORTH ORLEANS ST STREET 2: FLOOR 10 SOUTH CITY: CHICAGO STATE: IL ZIP: 60654-1771 BUSINESS PHONE: 3123212299 MAIL ADDRESS: STREET 1: 350 NORTH ORLEANS ST STREET 2: FLOOR 10 SOUTH CITY: CHICAGO STATE: IL ZIP: 60654-1771 FORMER COMPANY: FORMER CONFORMED NAME: HOLLINGER INTERNATIONAL INC DATE OF NAME CHANGE: 19951020 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN PUBLISHING COMPANY DATE OF NAME CHANGE: 19940204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DAVIDSON KEMPNER PARTNERS CENTRAL INDEX KEY: 0000928549 IRS NUMBER: 133393346 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 885 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2124464020 MAIL ADDRESS: STREET 1: 885 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D 1 sc13d.txt SUN-TIMES MEDIA GROUP, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Under the Securities Exchange Act of 1934 (Amendment No. )* Sun-Times Media Group, Inc. ------------------------------------------------------------------------------ (Name of Issuer) Class A Common Stock, $0.01 Par Value Per Share ------------------------------------------------------------------------------ (Title of Class of Securities) 86688Q100 ------------------------------------------------------------------------------ (CUSIP Number) Shulamit Leviant, Esq. c/o Davidson Kempner Partners 65 East 55th Street, 19th Floor New York, NY 10022 (212) 446-4053 With a Copy to: Eleazer Klein, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, NY 10022 (212) 756-2000 ------------------------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 19, 2007 ------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [X]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 25 Pages) - -------------------- * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 2 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Davidson Kempner Partners - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 544,511 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 544,511 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 544,511 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.8% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 3 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Davidson Kempner Institutional Partners, L.P. - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 1,187,063 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 1,187,063 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,187,063 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 1.8% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 4 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Davidson Kempner International, Ltd. - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 2,057,349 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 2,057,349 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,057,349 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 3.2% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 5 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Serena Limited - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 43,890 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 43,890 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 43,890 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.1% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 6 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON M.H. Davidson & Co. - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 98,862 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 98,862 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 98,862 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.2% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 7 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON MHD Management Co. - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 544,511 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 544,511 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 544,511 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.8% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 8 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Davidson Kempner Advisers Inc. - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 1,187,063 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 1,187,063 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,187,063 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 1.8% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IA - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 9 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Davidson Kempner International Advisors, L.L.C. - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 2,101,239 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 2,101,239 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,101,239 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 3.2% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 10 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Thomas L. Kempner, Jr. - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 11 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Marvin H. Davidson - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 12 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Stephen M. Dowicz - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 13 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Scott E. Davidson - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 14 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Michael J. Leffell - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 15 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Timothy I. Levart - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom & United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 16 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Robert J. Brivio, Jr. - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 17 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Anthony Yoseloff - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 18 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Eric P. Epstein - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 19 of 25 Pages - ---------------------------- ---------------------------- - ------------- ----------------------------------------------------------------- 1 NAME OF REPORTING PERSON Avram Z. Friedman - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X| - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 SOURCE OF FUNDS AF - ------------- ----------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ------------- ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------- ----------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 ----------- ----------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED 3,931,675 ----------- ----------------------------------------------------- BY EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ----------- ----------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 3,931,675 - ------------- ----------- ----------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,931,675 - ------------- ----------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - ------------- ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 6.0% - ------------- ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ------------- ----------------------------------------------------------------- - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 20 of 25 Pages - ---------------------------- ---------------------------- ITEM 1. SECURITY AND ISSUER This statement on Schedule 13D relates to the shares of Class A Common Stock, $0.01 par value per share (the "Shares"), of Sun-Times Media Group, Inc., a Delaware corporation (the "Issuer"). The principal executive office of the Issuer is located at 350 North Orleans Street, 10-S, Chicago, IL 60654. ITEM 2. IDENTITY AND BACKGROUND (a) This statement is filed by each of the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons": (i) Davidson Kempner Partners, a New York limited partnership ("DKP"); (ii) Davidson Kempner Institutional Partners, L.P., a Delaware limited partnership ("DKIP"); (iii) M. H. Davidson & Co., a New York limited partnership("CO"); (iv) Davidson Kempner International, Ltd., a British Virgin Islands corporation ("DKIL"); (v) Serena Limited, a Cayman Islands corporation ("Serena"); (vi) MHD Management Co., a New York limited partnership ("MHD"); (vii) Davidson Kempner Advisers Inc., a New York corporation; (viii) Davidson Kempner International Advisors, L.L.C., a Delaware limited liability company("DKIA"); and (ix) Messrs. Thomas L. Kempner, Jr., Marvin H. Davidson, Stephen M. Dowicz, Scott E. Davidson, Michael J. Leffell, Timothy I. Levart, Robert J. Brivio, Jr., Anthony A. Yoseloff, Eric P. Epstein and Avram Z. Friedman (collectively, the "Principals") (b) The address of the principal business office of each of the Reporting Persons is c/o Davidson Kempner Partners, 65 East 55th Street, 19th Floor, New York, New York 10022. (c) The Principals are the general partners of CO and MHD, the sole managing members of DKIA and the sole stockholders of DKAI, and their principal businesses is to invest for funds and accounts under their management. MHD is the general partner of DKP. DKAI is the general partner of DKIP and is registered as an investment adviser with the U.S. Securities and Exchange Commission. DKIA is the investment manager of DKIL and Serena. - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 21 of 25 Pages - ---------------------------- ---------------------------- (d) None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Messrs. Thomas L. Kempner, Jr., Marvin H. Davidson, Stephen M. Dowicz, Scott E. Davidson, Michael J. Leffell, Robert J. Brivio, Jr., Anthony A. Yoseloff, Eric P. Epstein and Avram Z. Friedman are citizens of the United States. Mr. Timothy I. Levart is a citizen of the United Kingdom and the United States. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Funds for the purchase of the Shares reported herein held by DKP, DKIP, DKIL, Serena and CO were derived from their respective general working capital. A total of approximately $24.7 million was paid to acquire such Shares. ITEM 4. PURPOSE OF TRANSACTION The Reporting Persons previously filed a Schedule 13G with respect to the Shares on May 29, 2007. The Reporting Persons originally acquired the Shares for investment purposes in the ordinary course of business. On July 31, 2007, Hollinger, Inc. ("Hollinger") and its affiliate 4322525 Canada Inc. ("4322525"), who collectively hold a majority in voting interest in the Shares of the Issuer, signed a Stockholder Written Consent in Lieu of a Meeting (the "Stockholder Consent") to (i) increase the size of the Issuer's board from eight to eleven members and provide that vacancies may be filled by stockholders having a majority interest, (ii) remove three directors of the Issuer and (iii) elect six new directors to the Issuer's board. On August 19, 2007, the Reporting Persons filed a motion with the Ontario Superior Court of Justice in the matter of A Plan or Compromise or Arrangement of Hollinger, 4322525 and Sugra Limited. The motion, if granted, would allow the Reporting Persons to commence and proceed with an application for oppression against Hollinger and 4322525 to set aside the Stockholder Consent and reinstate the Issuer's governance status quo. A copy of the motion is attached hereto as Exhibit A and is incorporated herein by reference. Except as described herein, none of the Reporting Persons has any present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)through (j) of Item 4 of Schedule 13D. The Reporting Persons and their representatives intend to review their investment in the Issuer on a continuing basis and may, at any time and from time to time, engage in discussions with management, the Issuer's Board of Directors, other stockholders of the Issuer, potential acquirers and other appropriate - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 22 of 25 Pages - ---------------------------- ---------------------------- third parties concerning the business, operations, board composition, management, strategy, potential sale, and future plans of the Issuer. Depending on various factors including, without limitation, the Issuer's financial position and strategic direction, the outcome of any of the discussions and actions referenced above, price levels of the Shares, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, purchasing additional Shares or selling some or all of their Shares, engaging in short selling of or any hedging or similar transactions with respect to the Shares, and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) As of the close of business on August 28, 2007, the Reporting Persons beneficially owned an aggregate of 3,931,675 Shares, constituting approximately 6.0% of the Shares outstanding. The aggregate percentage of Shares beneficially owned by the Reporting Persons is based upon 65,263,369 Shares outstanding, which is the total number of Shares outstanding as of July 31, 2007, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended June 30, 2007. (b) DKAI is the general partner of DKIP and consequently has the power to vote or direct the voting, and to dispose or direct the disposition, of all of the 1,187,063 shares held by DKIP. DKIA provides managerial services to DKIL and Serena, and consequently also has the power to vote or direct the voting, and to dispose or direct the disposition, of all of the 2,057,349 Shares held by DKIL and the 43,890 Shares held by Serena. MHD, as the general partner of DKP, has voting power and dispositive power with respect to all 544,511 shares held by DKP. By virtue of their positions as sole stockholder of DKAI, managing member of DKIA, and general partner of MHD and CO, the Principals are also deemed to have shared voting power and shared dispositive power with respect to all Shares as to which DKAI, DKIA, MHD and CO have voting power or dispositive power. Accordingly, the Reporting Persons are deemed to have shared voting and dispositive power with respect to an aggregate of 3,931,675 Shares. (c) There have been no transactions in the Shares effected by the Reporting Persons during the past sixty days. (d) No person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares reported herein. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Except as otherwise set forth herein, the Reporting Persons do not have any contract, arrangement, understanding or relationship with any person with respect to any securities of the Issuer. - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 23 of 25 Pages - ---------------------------- ---------------------------- ITEM 7. MATERIAL TO BE FILED AS EXHIBITS The following documents are filed as appendices and exhibits: Appendix I: Joint Filing Agreement Exhibit A: Notice of Motion, dated August 19, 2007 - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 24 of 25 Pages - ---------------------------- ---------------------------- Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. DATED: August 29, 2007 DAVIDSON KEMPNER PARTNERS By: MHD Management Co., its General Partner /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Managing Partner DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. By: Davidson Kempner Advisers Inc., its General Partner /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: President M.H. DAVIDSON & CO. /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Managing Partner DAVIDSON KEMPNER INTERNATIONAL, LTD. By: Davidson Kempner International Advisors, L.L.C., its Investment Manager /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Executive Managing Member SERENA LIMITED By: Davidson Kempner International Advisors, L.L.C., its Investment Manager /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Executive Managing Member MHD MANAGEMENT CO. /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Managing Partner - ---------------------------- ---------------------------- CUSIP No. 514936103 SCHEDULE 13D Page 25 of 25 Pages - ---------------------------- ---------------------------- DAVIDSON KEMPNER ADVISERS INC. /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: President DAVIDSON KEMPNER INTERNATIONAL ADVISORS, L.L.C. /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Executive Managing Member /s/ Thomas L. Kempner, Jr. ------------------------------------- Thomas L. Kempner, Jr. /s/ Marvin H. Davidson ------------------------------------- Marvin H. Davidson /s/ Stephen M. Dowicz ------------------------------------- Stephen M. Dowicz /s/ Scott E. Davidson ------------------------------------- Scott E. Davidson /s/ Michael J. Leffell ------------------------------------- Michael J. Leffell /s/ Timothy I. Levart ------------------------------------- Timothy I. Levart /s/ Robert J. Brivio, Jr. ------------------------- Robert J. Brivio, Jr. /s/ Eric P. Epstein ------------------------------------- Eric P. Epstein /s/ Anthony A. Yoseloff ------------------------------------- Anthony A. Yoseloff /s/ Avram Z. Friedman ------------------------------------- Avram Z. Friedman APPENDIX I JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. DATED: August 29, 2007 DAVIDSON KEMPNER PARTNERS By: MHD Management Co., its General Partner /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Managing Partner DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P. By: Davidson Kempner Advisers Inc., its General Partner /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: President M.H. DAVIDSON & CO. /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Managing Partner DAVIDSON KEMPNER INTERNATIONAL, LTD. By: Davidson Kempner International Advisors, L.L.C., its Investment Manager /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Executive Managing Member SERENA LIMITED By: Davidson Kempner International Advisors, L.L.C., its Investment Manager /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Executive Managing Member MHD MANAGEMENT CO. /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Managing Partner DAVIDSON KEMPNER ADVISERS INC. /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: President DAVIDSON KEMPNER INTERNATIONAL ADVISORS, L.L.C. /s/ Thomas L. Kempner, Jr. ------------------------------------- Name: Thomas L. Kempner, Jr. Title: Executive Managing Member /s/ Thomas L. Kempner, Jr. ------------------------------------- Thomas L. Kempner, Jr. /s/ Marvin H. Davidson ------------------------------------- Marvin H. Davidson /s/ Stephen M. Dowicz ------------------------------------- Stephen M. Dowicz /s/ Scott E. Davidson ------------------------------------- Scott E. Davidson /s/ Michael J. Leffell ------------------------------------- Michael J. Leffell /s/ Timothy I. Levart ------------------------------------- Timothy I. Levart /s/ Robert J. Brivio, Jr. ------------------------- Robert J. Brivio, Jr. /s/ Eric P. Epstein ------------------------------------- Eric P. Epstein /s/ Anthony A. Yoseloff ------------------------------------- Anthony A. Yoseloff /s/ Avram Z. Friedman ------------------------------------- Avram Z. Friedman EX-99 2 exhibit_a.txt EXHIBIT A Court File No. 07-CL-7120 ONTARIO SUPERIOR COURT OF JUSTICE COMMERCIAL LIST IN THE MATTER OF THE COMPANIES' CREDITORS ARRANGEMENT ACT, R.S.C. 1985, c.C-36, AS AMENDED AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF HOLLINGER INC., 4322525 CANADA INC. AND SUGRA LIMITED (the "APPLICANTS") NOTICE OF MOTION (RETURNABLE AUGUST 29, 2007) Davidson Kempner Capital Management LLC ("DK") will make a motion to the Honourable Mr. Justice Campbell on Wednesday, August 29, 2007, at 10:00 a.m. or as soon after that time as the motion can be heard, at the Courthouse, 330 University Avenue, Toronto, Ontario, pursuant to the comeback clause of the Order made by this Honourable Court on August 1, 2007 under the COMPANIES' CREDITORS ARRANGEMENT ACT (the "CCAA") with respect to the Applicants (the "INITIAL CCAA ORDER"). PROPOSED METHOD OF HEARING: The motion is to be heard orally. THE MOTION IS FOR: (a) an Order dissolving the Initial CCAA Order with effect from August 1, 2007 on the basis that the Applicants' CCAA proceedings as currently structured under the Initial CCAA Order are doomed to fail; (b) in the alternative, an Order: (i) amending the Initial CCAA Order with effect from August 1, 2007 to, INTER ALIA; (A) provide that the stay of proceedings does not apply to prevent the Secured Noteholders (as defined herein), the trustees under the Indentures (as defined herein) or any of them from exercising any of the rights and remedies granted to such persons under the Indentures, the Secured Notes or the Security (each as defined herein); (B) provide that the provisions of the Initial CCAA Order shall not prevent the payment by the Applicants of all principal, interest, fees, recoverable expenses and all other amounts owing under the Secured Notes, the Indentures and the Security and the performance by the Applicants of all obligations thereunder; (C) provide that subparagraph 13(iv) of the Initial CCAA Order does not apply to any defaults under (a) the Indentures, (b) the Secured Notes, and (c) all security agreements, documents or instruments entered into to secure the obligations owing under the Indentures, the Secured Notes and any guarantees thereof, including, without limitation, the pledge of the shares of Class B common stock of STMG owned by the Applicants (collectively, the "SECURITY"); (D) reduce the amount of the Directors' Charge granted under the Initial CCAA Order; (E) reduce the amount and scope of the Administration Charge granted under the Initial CCAA Order; and (F) direct that neither the Directors' Charge nor the Administration Charge shall create or constitute a charge on any of the Property that is secured by the Security, including, without limitation, the shares of Class B common stock of STMG owned by the Applicants (the "B SHARES"); all in the form set out in Schedule "A" to the draft order attached at Tab 4 to be filed in the Motion Record (the "AMENDED AND RESTATED ORDER"); (ii) directing that the Applicants cease making all payments except those due under the Indentures, the Secured Notes and the Security and those proven to be required for the Applicants to remain in existence pending the implementation of a process, acceptable to the Applicants' creditors, governing the payment of any other expenses and for the analysis and management of the litigation involving the Applicants; and (iii) lifting the stay of proceedings to allow the Secured Noteholders, the trustees under the Indentures or any of them to commence and proceed with an application for oppression against, among others, Hollinger and 4322525 (each as defined herein), to set aside the Stockholder Written Consent in Lieu of Meeting dated July 31, 2007 and restore the prior governance status quo at STMG and any other relief; and (c) such further and other relief as this Honourable Court may deem just. THE GROUNDS FOR THE MOTION ARE: 1. DK (through its managed funds) is the largest holder of senior secured notes issued by Hollinger Inc. ("HOLLINGER"), one of the Applicants, pursuant to two Indentures (the "INDENTURES") dated March 10, 2003 and September 30, 2004, respectively (collectively, the "SECURED NOTES", the holders of which are referred to herein as the "SECURED NOTEHOLDERS"); 2. the Secured Notes are secured by, among other things, a pledge of the B Shares of STMG held by Hollinger and 4322525 Canada Inc. ("4322525"), an indirect wholly-owned subsidiary of Hollinger and one of the Applicants; 3. the Applicants were in default under the Indentures prior to the Initial CCAA Order and are in continuing default thereunder; 4. based on the current trading price of the Class A shares of STMG, the Secured Noteholders will suffer a significant shortfall in the amount of almost US$50 million and there is no indication that the value of the shares will increase significantly in any reasonable time frame; 5. the Application for the Initial CCAA Order (the "APPLICATION") was effectively brought on no notice to interested parties, including DK and Sun-Times Media Group, Inc. ("STMG"), even though each of these parties (in the case of DK, since at least August of 2006) have been in discussions with Hollinger in an attempt to reach a consensual agreement to realize value and restructure Hollinger's balance sheet; 6. the onus remains on the Applicants on this comeback motion to justify the relief granted by the Initial CCAA Order; 7. the Applicants are not operating companies and have no business to restructure; instead, the Applicants are attempting to use these CCAA proceedings QUA shareholder to restructure STMG, a solvent, U.S. corporation, which is a gross usurpation of the rights of the Secured Noteholders, the pledgee of the B Shares, to obtain the value of their secured collateral; 8. the Applicants are also attempting to use these CCAA proceedings to approve, on a super-priority basis, the unbridled spending of approximately $200,000 a week on unsecured litigation, with no creditor involvement on the assessment of the merits of the litigation and no controls, and approximately $520,000 a week to September 7, 2007 (approximately $268,000 per week of which is for ANCILLARY US proceedings) in connection with the CCAA proceedings, while at the same time ceasing to service their debt, all to the prejudice of creditors; 9. the Applicants have spent over $11 million from March 31, 2007 to July 31, 2007, including approximately $5 million in the four weeks immediately preceding the commencement of these proceedings, and are eroding their cash reserves and assets at an alarming rate to the prejudice of their creditors; 10. controls on the Applicants' cash expenditures are necessary pending the implementation of a process, acceptable to the Applicants' creditors, governing the payment of expenses and for the analysis and management of litigation involving the Applicants; 11. on the eve of their insolvency, the Applicants violated the legal rights of the Secured Noteholders and stacked the board of STMG to thwart the Secured Noteholders' exercise of their lawful rights; 12. the Applicants have acted in a manner that has unfairly disregarded the interests of the Secured Noteholders; 13. DK, as the single largest holder of the Secured Notes, holds a veto position with respect to any plan of compromise or arrangement involving the Applicants; 14. DK will not support any plan of the Applicants in the CCAA proceedings as currently structured under the Initial CCAA Order; 15. Rule 39.01(6) of the RULES OF CIVIL PROCEDURE; 16. Section 6 of the CCAA; and 17. such further and other grounds as counsel may advise and this Honourable Court permit. THE FOLLOWING DOCUMENTARY EVIDENCE will be used at the hearing of the Motion: (a) the Affidavit of Avi Friedman, to be sworn, and the Exhibits attached thereto; and (b) such further and other materials as counsel may advise and this Honourable Court may permit. DATED: August 19, 2007 GOODMANS LLP 250 Yonge Street, Suite 2400 Toronto, Ontario M5B 2M6 Jim Riley (LSUC #385731) Fred Myers (LSUC # 26301A) Melaney Wagner (LSUC #44063B) Solicitors for Davidson Kempner Capital Management LLC TO: THE ATTACHED SERVICE LIST SCHEDULE "A" SERVICE LIST - -------------------------------------------------------------------------------- THORNTON GROUT FINNIGAN LLP Suite 3200, Canadian Pacific Tower 100 Wellington St. West, P.O. Box 329 Toronto-Dominion Centre Toronto, Ontario M5K 1K7 ROBERT I. THORNTON Tel: (416) 304-0560 Fax: (416) 304-1313 Email: rthornton@tgf.ca D.J. MILLER Tel: (416) 304-0559 Fax: (416) 304-1313 Email: djmiller@tgf.ca KYLA E.M. MAHAR Tel: (416) 304-0594 Fax: (416) 304-1313 Email: kmahar@tgf.ca Solicitors for the Applicants - -------------------------------------------------------------------------------- LENCZNER SLAGHT ROYCE SMITH GRIFFIN 130 Adelaide Street West Toronto, Ontario M5H 3P5 PETER GRIFFIN Tel: (416) 865-2921 Fax: (416) 865-9010 Email: pgriffin@lsrsg.com MONIQUE JILESEN Tel: (416) 865-2926 Fax: (416) 865-9010 Email: mjilesen@litigate.com PETER J. OSBORNE Tel: (416) 865-3094 Fax: (416) 865-9010 Email: posborne@litigate.com Solicitors for Ernst & Young Inc., Monitor - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- BENNETT JONES LLP 3400 One First Canadian Place P.O. Box 130, Stn. 1st Canadian Place Toronto, Ontario M5X 1A4 ROBERT W. STALEY Tel: (416) 777-4857 Fax: (416) 863-1716 Email: staleyr@bennettjones.ca KEVIN J. ZYCH Tel: (416) 777-5738 Fax: (416) 863-1716 Email: zychk@bennettjones.ca S. RICHARD ORZY Tel: (416) 777-5737 Fax: (416) 863-1716 Email: orzyr@bennettjones.ca DEREK J. BELL Tel: (416) 777-4638 Fax: (416) 863-1716 Email: belld@bennettjones.ca Solicitors for Sun-Times Media Group, Inc. - -------------------------------------------------------------------------------- GOODMANS LLP 2400 - 250 Yonge Street Toronto, Ontario M5B 2M6 JAMES A RILEY Tel: (416) 597-5492 Fax: (416) 979-1234 Email: jriley@goodmans.ca GRAHAM D. SMITH Tel: (416) 597-4161 Fax: (416) 979-1234 Email: gsmith@goodmans.ca FRED MYERS Tel: (416) 597-5923 Fax: (416) 979-1234 Email: fmyers@goodmans.ca Solicitors for Davidson Kempner Capital Management LLC - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- FRASER MILNER CASGRAIN LLP 1 First Canadian Place 100 King Street West Toronto, Ontario M5X 1B2 ALEX L. MACFARLANE Tel: (416) 863-4582 Fax: (416) 863-4592 Email: alex.macfarlane@fmc-law.com JANE DIETRICH Tel: (416) 863-4467 Fax: (416) 863-4592 Email: jane.dietrich@fmc-law.com Solicitors for RSM Richter Inc., in its capacities as Receiver and Monitor of The Ravelston Corporation Limited and Ravelston Management Inc. - -------------------------------------------------------------------------------- ERNST & YOUNG INC. Ernst & Young Tower P.O. Box 251 Toronto Dominion Centre 222 Bay Street Toronto, Ontario M5K 1J7 BRIAN DENEGA Tel: (416) 943-3058 Fax: (416) 943-3300 Email: brian.denega@ca.ey.com SHARON S. HAMILTON Tel: (416) 943-2153 Fax: (416) 943-3300 Email: sharon.s.hamilton@ca.eyi.com BRENT BEEKENKAMP Tel: (416) 943-2652 Fax: (416) 943-3300 Email: brent.r.beekenkamp@ca.ey.com - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CHAITONS LLP Barristers and Solicitors 185 Sheppard Ave. W. North York, Ontario M2N 1M9 HARVEY G. CHAITON Tel: (416) 218-1129 Fax: (416) 218-1849 Email: harvey@chaitons.com GEORGE BENCHETRIT Tel: (416) 218-1141 Fax: (416) 218-1841 Email: george@chaitons.com Canadian solicitors for the Indenture Trustees, HSBC Bank USA, N.A. and Delaware Trust Company, National Association (formerly known as Wachovia Trust Company, National Association) - -------------------------------------------------------------------------------- KELLEY DRYE & WARREN LLP 101 Park Avenue New York, New York 10178 U.S.A. PAMELA BRUZZESE-SZCZYGIEL Tel: (212) 808-7750 Fax: (212) 808-7897 Email: pbruzzese-szczygiel@kelleydrye.com DAVID E. RETTER Tel: (212) 808-7576 Fax: (212) 808-7897 Email: dretter@kelleydrye.com ROBERT S. FRIEDMAN Tel: (212) 808-7853 Fax: (212) 808-7897 Email: rfriedman@kelleydrye.com CRAIG A. WOLFE Tel: (212) 808-5073 Fax: (212) 808-7897 Email: cwolfe@kelleydrye.com KEVIN J. SMITH Tel: (212) 808-5102 Fax: (212) 808-7897 Email: ksmith@kelleydrye.com U.S. counsel for the Indenture Trustees, HSBC Bank USA, N.A. and Delaware Trust Company, National Association (formerly known as Wachovia Trust Company, National Association) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- HSBC BANK USA, N.A. Corporate Trust and Loan Agency 10 E. 40th Street, 14th Floor New York, New York 10016 U.S.A. SANDRA E. HORWITZ Tel: (212) 525-1358 Fax: (212) 525-1366 Email: Sandra.e.horwitz@us.hsbc.com - -------------------------------------------------------------------------------- ONTARIO SECURITIES COMMISSION 20 Queen Street West Suite 1900 Toronto, Ontario M5H 3S8 JOHANNA SUPERINA Tel: (416) 593-8210 Fax: (416) 593-2319 Email: jsuperina@osc.gov.on.ca ANNE C. SONNEN Tel: (416) 593-8290 Fax: (416) 593-2319 Email: asonnen@osc.gov.on.ca - -------------------------------------------------------------------------------- SACK GOLDBLATT MITCHELL LLP Barristers and Solicitors 20 Dundas Street West Suite 1100 Toronto, Ontario M5G 2G8 SEAN DEWART Tel: (416) 979-6970 Fax: (416) 591-7333 Email: seandewart@sgmlaw.com Solicitors for F. David Radler - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- AYLESWORTH LLP Barristers and Solicitors P.O. Box 124 222 Bay Street, 18th Floor Toronto, Ontario M5K 1H1 RICHARD B. JONES Tel: (416) 777-4022 Fax: (416) 865-1398 Email: rjones@aylaw.com LISA S. CORNE Tel: (416) 646-4608 Fax: (416) 865-1398 Email: lcorne@aylaw.com Solicitors for The Preference Shareholders, A. Joan Richardson, Mervin Richardson, Basil N. Seaton, Gillian J. Seaton, Alfred Shum, R.J. Stanford Estate and Ivan C.N. Tennant, in their several capacities as holders of Class "A" and Class "B" preference shares of Argus Corporation Limited - -------------------------------------------------------------------------------- LERNERS LLP Barristers and Solicitors 130 Adelaide Street West Suite 2400 Box 95 Toronto, Ontario M5H 3P5 GEORGE S. GLEZOS Tel: (416) 601-2371 Fax: (416) 867-2406 Email: gglezos@lerners.ca LISA C. MUNRO Tel: (416) 601-2360 Fax: (416) 867-2416 Email: lmunro@lerners.ca Solicitors for Conrad Black Capital Corporation and Conrad Black - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- STOCKWOODS LLP Barristers The Sun Life Tower 150 King Street West Suite 2512 Toronto, Ontario M5H 1J9 BRIAN GOVER Tel: (416) 593-2489 Fax: (416) 593-9345 Email: briang@stockwoods.ca MARTHA COOK Tel: (416) 593-2491 Fax: (416) 593-9345 Email: marthac@stockwoods.ca Solicitors for Barbara Amiel-Black - -------------------------------------------------------------------------------- BELLMORE & MOORE Barristers & Solicitors 393 University Avenue Suite 1600 Toronto, Ontario M5G 1E6 DAVID C. MOORE Tel: (416) 581-1818 ext. 222 Fax: (416) 581-1279 Email: David@bellmore.ca KENNETH G. G. JONES Tel: (416) 581-1818 Fax: (416) 581-1279 Email: kenjones@bellmore.ca DIANA M. SOOS Tel: (416) 581-1818 Fax: (416) 581-1279 Email: dmsoos@bellmore.ca Solicitors for Catalyst Fund General Partner I Inc. - -------------------------------------------------------------------------------- IN THE MATTER OF THE COMPANIES' CREDITORS ARRANGEMENT ACT, R.S.C. 1985, C. C-36, AS AMENDED AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF HOLLINGER INC., 4322525 CANADA INC. AND SUGRA LIMITED Applicants Court File No: 07-CL-7120 SUPERIOR COURT OF JUSTICE COMMERCIAL LIST Proceeding commenced at Toronto =============================================================================== NOTICE OF MOTION (RETURNABLE AUGUST 29, 2007) =============================================================================== GOODMANS LLP Barristers & Solicitors 250 Yonge Street, Suite 2400 Toronto, Canada M5B 2M6 Jim Riley (LSUC # 385731) Fred Myers (LSUC # 26301A) Melaney Wagner (LSUC # 44063B) Tel: 416.979.2211 Fax: 416.979.1234 Solicitors for Davidson Kempner Capital Management LLC -----END PRIVACY-ENHANCED MESSAGE-----