Sep 28th, 2009 - Forbes
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The Star Tribune of Minneapolis has emerged from bankruptcy protection with new ownership and reduced debt.
In emerging from Chapter 11 on Monday, the Star Tribune is now owned primarily by its senior lenders, led by investment group Angelo, Gordon & Co. The company's debt is $100 million, down from $480 million when it filed for Chapter 11 on Jan. 15.
A federal bankruptcy judge approved the Star Tribune's reorganization plan earlier this month.
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