The Sun-Times Media Group, Inc. announced Wednesday it will combine its Daily Southtown and Star newspaper titles into one, in an effort to regain profitability and growth.

Chicago-based Sun-Times stated it expects the move will lower the cost of newsprint, headcount and circulation sales, RTT News reported.

The new newspaper will continue to focus on covering Chicago's south side and suburbs, and will combine aspects of both papers.

Not all the details to combine the two papers have been finalized, but the merger is expected to be complete by mid-November, Sun-Times executives stated.

SVN was trading at $2.55 Wednesday, down $0.08 on a volume of 109K shares, RTT News reported.