Star Tribune plans to exit bankruptcy in September - Los Angeles Business from bizjournals:

http://www.suchadork.net/Latest-Garden-Furniture.html
The newspaper, which declared bankruptcy Jan. 15, filed its proposed reorganizatioj plan withthe U.S. Bankruptcy Court for the Southern Districr of New York on The paper said its creditorz have agreed tothe plan. Under the the Star Tribune would emerge from bankruptcygwith $100 million in debt. The compan would be worth between $118 million and $144 million, including its real estate holdings. Unsecured creditors will receive a smalkl cash distribution or be converted into new commoj stock and warrants to be issued by thereorganizedd company. The newspaper’s current ownershiop group, led by New York-based , will not receive a stakwe in thenew company.
Avistwa bought the paper in 2007for $530 million. Chairman and Publisher Chrid Harte, a member of Avista Capital executiveadvisory board, will leave the which will get a new board of publisher and CEO. “The Star Tribune expects to emergee from its financial restructuring as a financiallyviablse business, with a stronger balance significantly less debt and substantially reduced operatingt costs,” the newspaper said in a statement.