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Source: twincities.bizjournals.com --- 6 days ago
The Star Tribune Co. has stopped making payments to its senior creditors, the paper reported Wednesday, and is planning a restructuring after months of financial woes. ... Source: www.moreover.com --- 5 days ago
TheDeal.com Oct 2 2008 10:37PM GMT ... Source: www.paidcontent.org --- 6 days ago
This is a rough time if for any company that's debt dependent, and few industries are in more desperate need of restructuring there than ailing newspapers. Just last week, McClatchy ( NYSE: MNI ) gave itself some breathing room, restructuring its debt at the cost of higher interest rates. Today the Minneapolis Star-Tribune said it skipped a $9 million payment in an attempt to preserve cash while it restructured itself. The company added that bankruptcy is an option being considered, and indeed it may not have much choice now that it's not paying its debt holders. The paper is owned by PE fund Avista, which in May wrote down 75 percent of the $530 million investment it made. Also today, S&P said it may downgrade the debt of USAToday publisher Gannett ( NYSE: GCI ). The ratings agency said it was watching the company's "A-2" commercial paper rating, though it added that it's not yet worried about the company's liquidity. That prompted the company to issue this statement : " As a prudent liquidity measure in light of the ongoing credit market dislocations, Gannett partially drew down on its committed revolving credit facilities sufficient funds to cover all of its commercial paper obligations outstanding. This action was taken prior to—and was completely unrelated to—Standard & Poor's actions today." It noted that it has been able to tap the commercial paper market, even as reports say it has seized up. We've mentioned several times ... Source: minnesota.publicradio.org --- 6 days ago
Female employees in the Star Tribune's mailroom complained about a hostile work environment, and claim the company did not take effective action. ... Source: minnesota.publicradio.org --- 6 days ago
The Star Tribune skipped a $9 million quarterly debt repayment to senior creditors in an effort to save cash while trying to restructure. ...
Source: www.poynter.org --- 4 days ago
MinnPost.com Jennifer Bjorhus , who covered the economy and housing for the St. Paul paper, insists her move to the Strib isn't because of problems with the Pioneer Press. "I think the world of [editor] Thom Fladung . And it's not out of any fear that the Pioneer Press is dying. One of my colleagues, outdoor writer Chris Niskanen , summed it up; he said, 'Sometimes, you just need to look out a new window." > WP chatters react to Weisman's move to WSJ ...
Source: www.tribstar.com --- 5 days ago
Newspapers have been hitting the doorsteps of Terre Haute residents and beyond for more than 100 years, something Gov. Mitch Daniels recognized Wednesday. ... Source: www.bignewsnetwork.com --- 6 days ago
The federal Equal Employment Opportunity Commission filed a sexual harassment lawsuit against the Star Tribune on Tuesday on behalf of current and former female employees of the newspaper's mailroom. ... ... Source: www.poynter.org --- 5 days ago
medialifemagazine.com quotes Poynter's Rick Edmonds At the time, analysts saw more such cuts coming. If the economy continues to bottom out, combined with the reduction of classifieds and some of the other slowdowns, the pressure on revenues is pretty dramatic, Rick Edmonds, a media business analyst at the Poynter Institute for Media Studies in St. Petersburg, told Media Life. Papers have to get expenses in line with revenues. I think well see some pretty substantial cuts in the next several months" ... Source: www.thedeal.com --- 4 days ago
Here are some of the latest bankruptcy stories our reporters have been covering Friday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. Lehman to seek Eagle sale OK Bankrupt Lehman Brothers Holdings Inc. will seek court approval on Oct. 16 to sell gas and electricity supplier Eagle Energy Partners I LP to affiliates of French utility Electricité de France SA for $230.4 million. If the judge approves of the purchase then Lehman would also forgive the rest of what Eagle owes it, which would be $433.5 million. A hearing on the sale will be held on Oct. 16. - John Blakeley Eagle Ventures gains extension Bankrupt Eagle Ventures International Inc. has a Monday, Oct. 5, deadline to file financial schedules or face dismissal of its Sept. 10 Chapter 11 restructuring. A judge responded to Eagle's extension motion to file financial schedules by giving the holding company until Oct. 5 to do so and also set Oct. 17 for its first meeting of creditors, according to a Sept. 26 order. -Terry Brennan Creative Loafing, lenders in court Now that Creative Loafing Inc. has won temporary approval to use cash that lenders may earmark as collateral, the Tampa, Fla., publisher is preparing for litigation with two of its debtholders. The debtor also won approval to hire Jennis & Bowen PL as counsel and to consolidate the bankruptcies of its various units. The authority runs until an Oct. 8 hearing ... Source: www.tribstar.com --- 6 days ago
Voters are expected in coming weeks to go to the polls in unprecedented numbers, a tribute to the importance of this election season. Not only are there compelling choices to be made in the presidential race, ballots are loaded with contested races on the state and local levels as well. The precarious state of the U.S. economy and financial markets also hangs in the balance. ... Source: www.fwicki.com --- 4 days ago
What if someone discovered a miracle drug that could prevent lung cancer, heart disease, low birth weights, Sudden Infant Death Syndrome (SIDS), asthma and other chronic lung ailments? Well, Minnesota has made just such a discovery, and the ... ... Source: sportspyder.com --- 4 days ago
... ock, and he flew back after a funeral to make the game-winning kick." Punter Josh Bidwell is Bryant's best friend on the team. "He's proving right now, more than ever ... ... Source: sportspyder.com --- 4 days ago
... he NFL. NE -3 at SF: Patriots by 10. The Patriots defense is on pace to show J.T. O'Sullivan how unlucky and painful it is to play a well-rested New England team two wee ... ... Source: sportspyder.com --- 5 days ago
... Here's a few of each: OPTIMISM 1 The starting rotation of Francisco Liriano, Scott Baker , Nick Blackburn, Kevin Slowey and Glen Perkins is young and should be better ... ... Source: sportspyder.com --- 6 days ago
... as credited with two tackles. Childress: Good talk with McKinnie Left tackle Bryant McKinnie returned to the team after serving a four-game suspension for violating the ... ... Find more results for Star Tribune on RSSMicro.com |
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E Canada Now Which pink products really help fight breast cancer? Minneapolis Star Tribune - 3 hours ago Are the companies pushing pink products this month in the name of breast cancer being philanthropic, or scamming for profit? Some of each, so buy with care. Bring on the pink for breast cancer awareness Austin American-Statesman Lubbock paper points to cause with pink paper Houston Chronicle WOWK - WSAV-TV - First Coast News - WFXL Fox 31 all 236 news articles ...
Family life in a "time capsule" - from dwelling to belongings, this family resides in their own recreation of the fifties. They found their 1957 home two years ago, and according to Matthew, " What sold me was I looked through the windows and saw blond brick on the fireplace and an original NuTone clock doorbell. " More below: According to the Star Tribune article, Matthew has been collecting midcentury modern for seven years and his passion for the era has furnished the home and has also helped turn a profit. He relays a story in which he recognized a Gino Sarfatti lamp in a consignment shop, purchased it for $99, and sold it on ebay for $4500. Lesson - it pays off (in more ways than one) to go with what you know and love for your home decor. Check out the entire article from the Star Tribune here and the full slideshow here . Photos: Joel Koyama/Star Tribune ...