Did I say the upside of a sale of the Sun-Times assets might be the closure of the Chicago Sun-Times? Shame on me.

Asked by Elizabeth Brackett Tuesday on Chicago Tonight about the possibility of selling off the suburban publications, Cyrus Freidheim, the publisher of the Sun-Times, said the company would consider all options.

Bleeding more than $50 million a quarter, the company does have a cash and short-term instruments stache of $297 million. Quick math, 18 months to live.

Would the Chicago region be better off if the suburban papers survived and the Chicago Sun-Times died? What if the whole thing went down together? Looking five years out, will the Sun-Times still exist? "Absolutely," Freidheim says. "We going through a tough time with newspapers," he said, "all newspapers are getting thin."

Okay, so the plan is to sell of the cherry-picked assets of this thin company and it will survive?