Another Newspaper Bankruptcy
Posted on January 15, 2009
Filed Under Uncategorized |
The Strib has long been financially troubled. Also, like their neighbors to the south, Sam Zell’s Tribune Co., the Strib was taken over by a private equity group a few years ago and suffered under the weight of significant debt maintenance obligations.
The Star Tribune, saddled with high debt and a sharp decline in print advertising, filed a Chapter 11 bankruptcy petition Thursday night.
[From Star Tribune files for Chapter 11 bankruptcy]
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My name is Jeff Nolan and I write Venture Chronicles. These are my thoughts on technology, innovation, management, public policy and pretty much anything else that I find interesting.
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