• RSS Feed

The LinkUp Blog The Industry's Best-Kept Secret

August 11, 2008 / Toby Dayton

Both Twin Cities Papers In Serious Jeopardy of Going Under

As bad as the news has already been this summer about the two dailies in the Twin Cities, it keeps getting worse and worse. Earlier this summer, the Pioneer Press announced that they were scaling back their daily and the Star Tribune announced that they were delaying interest payments. Now, as detailed on MinnPost, it seems a more likely possibility that Media News could sell the St. Paul Pioneer Press. And for the Strib, the paper may be declaring bankruptcy as soon as September. The Minneapolis daily skipped its June interest payment and has indicated (or threatened) in contract negotiations with its unions that it likely will be skipping the next one due in September. Minneapolis is now clearly ahead of Chicago and the nation’s other major metro markets as the odds-on favorite to be the first major U.S. city to lose its daily paper.