Minneapolis Star Tribune
Avista Capital Partners, which bought the Strib in March 2007, explains the big write-down to investors: "In the past year, the newspaper industry has suffered greater than expected declines in circulation and advertising revenue, particularly in print classified advertising. The outlook in the near to medium term remains uncertain." Avista adds that the paper "currently has sufficient liquidity and is up to date on all its debt payment obligations." || Related columns by
David Brauer,
Jeff Shaw and
Brian Lambert.
