The Star Tribune still owes McClatchy money
McClatchy, the newspaper publisher that used to own the Star Tribune, came out today and said it may not be able to recover some $5.3 million owed to it by bankrupt newspaper it formerly owned.
According to a court filing, the Strib's share is a paltry $91,000.
The company declined to say which papers still owed it money, but three former McClatchy properties filed for bankruptcy protection this year: The Philadelphia Inquirer and the Philadelphia Daily News, owned by Brian Tierney's Philadelphia Media Holdings LLC, and the Star Tribune of Minneapolis, controlled by the private-equity firm Avista Capital Partners.
The Star Tribune owes McClatchy only about $91,000, according to a court filing, and Ben Taylor, a spokesman for the newspaper, said he wasn't aware of any other debts owed to the company.
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