Date post: | 14-Jul-2015 |
Category: |
Business |
Upload: | kyle-cassano |
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• Jenni Pinkley, Web Content Editor
• The Star Tribune (15th largest daily paper in U.S.)
• January 15, 2009 - filed for Ch. 11 bankruptcy on its website due to declining rate of print advertising revenues
1. Source: United States Bankruptcy Court Southern District of New York, http://bankrupt.com/misc/StarTribune_Amended_DS.pdf
The Doomed Newspaper Company
The New Plan
• June 2009 – Filed reorganization plan
• July 2009 – Plan approved
• Focus – paying off debts by means of increasing revenues through new methods other than online ads: Strategic social media and online marketing campaign
• Star Tribune’s Vita.mn entertainment website
• Social media, blog, video