Minneapolis Star Tribune in bankruptcy filing

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The Minneapolis Star Tribune filed for bankruptcy, becoming one of the biggest U.S. newspapers yet to financially flame out under a heavy debt load and a punishing decline in advertising revenue. The 15th-largest U.S. daily based on circulation, which McClatchy Co sold to private equity firm Avista Capital Partners for $530 million less than two years ago, filed for Chapter 11 bankruptcy protection after missing payments to lenders, it said on Thursday.


Minneapolis Star Tribune in bankruptcy filing