Posted on 01/16/2009 9:38:06 AM PST by pissant
MINNEAPOLIS – Less than two years after it was bought by a private equity group, the Star Tribune has filed for reorganization under Chapter 11 bankruptcy.
"We determined that the filing was necessary to reduce our operating costs, restructure our debt and create a financially viable business for the future," Publisher and Chairman Chris Harte said in a note to readers posted on the newspaper's Web site late Thursday.
(Excerpt) Read more at news.yahoo.com ...
“We determined that the filing was necessary to reduce our operating costs”
Because you were unable to control them yourselves?
Bankruptcy can void union (or any other) contracts.
How terribly distressing. /sarc
My only regret is that it didn’t happen two or three years ago so they wouldn’t have used that left wing garbage to brainwash Minnesotans into Barack Obama and Al Franken. Talk about garbage, Al Franken is the consummate embodiment of that phrase.
The Seattle PI soon to follow ....
Red Star sinking.
Shame on you, pissant.
You did not warn of Kleenex needs.
With change occuring maybe socialism will become more financially viable.
dangit pissant, you beat my post by 1 min. I gotta learn to type faster ;-)
Admin - kill my post with same title please.
It is easier to market socialism to voters than it is to sell papers to them.
From your lips to God's ear!
The men the American public admire most extravagantly are the most daring liars; the men they detest most violently are those who try to tell them the truth. (H.L. Mencken)
It’s ironic that the very newspapers that have helped Obammy get elected won’t be around to report on his many future failures.
Only filed after the election so the reporters continued to report throughout the election, as it was more important to skew the election that to save the paper. Now if they are upset by the renegotiated contracts, there is no risk to the Democrat party.
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