Another Newspaper Bankruptcy

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]

More on this topic (What's this?)
Hedge Fund, Private Equity Assets
Private Equity Moves In At Expereo
The Fiscal Land Mine of Chicago
Read more on Bankruptcy, Private Equity at Wikinvest