The Star Tribune Files Chapter 11
Via Editor and Publisher…with a pointer from Hart Van Denburg. Less than two years after it was bought by a private equity group, the Star Tribune has filed for reorganization under Chapter 11 bankruptcy. But wait, there’s more… In December, Harte told employees the “survival of the company” was at stake and asked labor unions to agree to $20 million in cuts by mid-January. Without those cuts, Harte said the newspaper could face bankruptcy. The Star Tribune ranked as the…