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Star Tribune files for Chapter 11 protection.

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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-16-09 12:47 AM
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Star Tribune files for Chapter 11 protection.
http://www.startribune.com/business/37685134.html?elr=KArksDyycyUtyycyUiD3aPc:_Yyc:aUU

Star Tribune files for Chapter 11 bankruptcy

Facing sharp revenue declines, the newspaper seeks bankruptcy protection, hoping to cut costs and restructure debt.

By DAVID PHELPS, Star Tribune

The Star Tribune, saddled with high debt and a sharp decline in print advertising, filed a Chapter 11 bankruptcy petition Thursday night.

Minnesota's largest newspaper will try to use bankruptcy to restructure its debt and lower its labor costs.
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