Jan 16, 2009

Minneapolis Star Tribune files for bankruptcy

A newspaper, with an editorial staff that is probably as blatantly liberal as the New York Times, has filed for chapter 11 bankruptcy.

The bankruptcy filing will not break the hearts of political conservatives who have complained that the “Strib” has been editorially bankrupt for decades.

The filing, which was made with the U.S. Bankruptcy Court in the southern district of New York, had been expected for months.

It follows several missed payments to the paper's lenders.

The “Strib” is one of many newspapers in serious financial trouble mainly caused by a sharp drop in print advertising.

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