Minneapolis Star Tribune
Officials at Avista Capital Partners, which is buying the Star Tribune from McClatchy for $530 million, say they're not eyeing major staff reductions or a quick sale. "You don't buy a paper that's involved in intellectual property and strip it," says Avista partner
James Finkelstein. "There'd be no point. All you're selling, all you have, is your intellectual property. You want people to read." Avista's
Chris Harte adds: "The long-term goal is to provide great content."
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Strib is McClatchy's worst-performing paper in terms of revenue (WSJ)
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Ex-Strib editor McGuire "had no idea things had declined that much" (PP)
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Strib columnist says staff "very concerned, worried and anxious" (NYT)
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"I don't feel good about the paper being sold," says McClatchy CEO (Bee)
