Friday, January 16, 2009

A Sad Day...

Star Tribune files for Chapter 11 bankruptcy

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

Last update: January 15, 2009 - 11:06 PM

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

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