Star Tribune Co. files re-organization paperwork
Editor & Publisher reports that The Star Tribune Co. filed a reorganization plan in U.S. Bankruptcy court Thursday, with a goal to emerge from Chapter 11 protection this fall.
Publisher and chairman Chris Harte said in a statement that he is confident that the newspaper will be in better shape when it returns, but that he does have plans to leave the paper, eventually.
Since the Star Tribune entered bankruptcy in January, it has drawn up agreements with 94 percent of unionized employees.
The Star Tribune says the agreements reached cost savings the company needs: cutting labor costs by $20 million a year.
Since the Star Tribune entered bankruptcy in January, it has drawn up agreements with 94 percent of unionized employees.
The Star Tribune says the agreements reached cost savings the company needs: cutting labor costs by $20 million a year.
View the story here.
Labels: bankruptcy, Chapter 11, Chris Harte, cuts, Editor and Publisher, Minneapolis Star-Tribune
posted by Stephanie Riel at
6/19/2009 11:46:00 AM
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