BUSINESS BRIEFING / PUBLISHING
Times Wire Reports
The Star Tribune of Minneapolis emerged from bankruptcy protection with its main lenders becoming the new owners and its debt slashed 80%.
The Star Tribune can now make decisions without a judge’s supervision, as Minnesota’s largest newspaper and the nation’s 14th largest on weekdays tries to ride out an advertising drought and boost revenue in print and online.
The move was largely expected after a federal bankruptcy judge in New York approved the Star Tribune’s reorganization plan Sept. 17.
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