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Star Tribune Succumbs To The Inevitable
It was only a matter of time. The Star Tribune declared bankruptcy last night, ‘filing a voluntary petition under chapter 11 of the U.S. Bankruptcy code.’ Following the Chicago Tribune’s similar announcement last month, it was the 2nd major metro daily to file bankruptcy in the past 6 weeks, and more will undoubtedly follow. Seattle will be next, followed by Detroit, and then the dominoes will just start falling all over the place. In a letter to readers on page A9 this morning, publisher and chairman Chris Harte promised that the reorganization will not impact at all the product and service that the daily delivers to the community. It has to be said, of course, but that certainly doesn’t make it any more likely that it’ll be true.