The Minneapolis Star Tribune filed a Chapter 11 bankruptcy petition Thursday night. The filing had been anticipated for several months. It follows missed payments to the paper’s lenders, and comes less than two years after a private equity group, Avista Capital Partners, purchased the paper for $530 million. In its filing, the newspaper listed assets of $493.2 million and liabilities of $661.1 million. The company said it hopes to use bankruptcy to restructure its debt and lower its labor costs. Like most newspapers, the Star Tribune has experienced a sharp decline in print advertising. Its earnings before interest, taxes and...