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Sun-Times, Mesirow Financial Boss Jim Tyree Dies

UPDATED 03/17/11 7:13 a.m.

CHICAGO (CBS) - James C. Tyree, the man widely credited with rescuing the parent company of the Chicago Sun-Times, has died at the age of 53.

The Sun-Times Media chairman died Wednesday from complications from stomach cancer.

Tyree also held up a top position with Mesirow Financial. He had been chairman and chief executive officer since 1994 and had been with the company for more than 30 years.

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He had announced in October that he had stomach cancer and would undergo chemotherapy.

Mayor Richard M. Daley called Tyree "a wonderful Chicagoan and a dutiful civic leader who gave liberally of his time to improve the lives of others."

President Barack Obama called him "a quintessential Chicagoan, a South Side kid from humble roots who worked his way to the top but never left the city behind."

In a Wednesday memo to employees, Sun-Times Media CEO Jeremy Halbreich credited Tyree's vision and effort for giving the company a bright future.

Tyree is survived by his wife and three children.

(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS Radio and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press contributed to this report.)

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