Star Tribune Gains a Majority Owner

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By: David Phelps | Star Tribune

For the first time since emerging from bankruptcy nearly three years ago, the parent company of the Star Tribune will have a majority owner.

Wayzata Investment Partners, the largest minority shareholder of the media company, received approval from other shareholders to increase its ownership stake to 58.2 percent from 49.8 percent in a $4.1 million deal.

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