Date

Fri - 22.09.2017


Star Tribune

paidContent yesterday published this chart (left, click for larger view), which compares how long seven of the top U.S. publishers have spent in bankruptcy, as well as how their basic financial situations differ.

The publishers include MediaNews, Freedom Communications, Sun-Times, Journal Register, Philadelphia Newspapers, Star Tribune and Tribune.

Author

Leah McBride Mensching

Date

2010-10-19 17:40

On Thursday a federal bankruptcy court authorised the Star Tribune of Minneapolis to return from its bankruptcy protection by the end of the month, under a reorganisation agreement that sees the newspaper's key creditors take over ownership of the newspaper, The Associated Press reported Friday.

Bankruptcy Judge Robert D. Drain approved the exit from Chapter 11 protection despite protests from low-level creditors about the anonymity of the newspaper's new publisher. The unsecured creditors complained that the approval could not be given without knowing who would take over the newspaper's key position.

The group set to take over the Tribune said it had put together a committee to run the newspaper but said it could not name its candidate for publisher, as the person is yet to sign a contract and still works for another company.

However, the publisher is expected to be revealed in the next few days, according to the newspaper's bankruptcy attorney at Davis Polk & Wardwell, who said the steering committee is still negotiating with candidate, the Star Tribune reported on its Web site Thursday. The proposed date for the Tribune exit from bankruptcy is September 28, just in time for its next financial reporting period.

Author

Leah McBride Mensching

Date

2009-09-18 20:40

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