MinnPost.com: Star Tribune Debt Bomb

August 6, 2008: When the Star Tribune’s pressmen turned down management’s contract proposal last Thursday, they ignored a threat from their own leadership: without a “yes” vote, the company would “have a tough time” making a September debt payment, potentially another step closer to bankruptcy.

The Strib missed a quarterly payment in June; at the time, publisher Chris Harte told Strib columnist Neal St. Anthony the paper was hanging on to the cash to help restructure its debt. The next scheduled payment would fall in September.

Click here to read more at MinnPost.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Statement on Charlottesville

The events in Charlottesville have aroused the conscience of our country and the world. TDU condemns the racism and violence of white supremacists, neo-Nazis and the KKK, today and everyday. We stand in solidarity with the victims of the violence and their families. We are more determined than ever to fight racism by uniting all Teamsters for social and economic justice. Solidarity trumps hate.

Hoffa Refuses to Hold Executive Board Meetings

Teamster members elected a full General Executive Board last November. Now Hoffa refuses to hold regular meetings claiming that “past practice” dictates that he’s not required to hold GEB meetings. This is in direct violation of the Teamster Constitution, which specifically requires that the Board meet once in every quarter.

View More News Posts