Star Tribune to emerge from bankruptcy, no new publisher named

Posted by: Christina Dove


A federal bankruptcy judge on Thursday approved a plan for the Minneapolis Star Tribune to exit Chapter 11 bankruptcy later this month. But owners of the Minneapolis paper haven’t named a CEO or publisher yet.
The plan, approved in U.S. Bankruptcy Court for the Southern District of New York, has the Star Tribune emerging from bankruptcy on or around Sept. 28. The paper’s senior secured lenders will hold approximately 95 percent of the stock to be issued by the post-bankruptcy company. The company’s debt will be $100 million, down from $480 million at the time of its filing.

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