'Star Tribune' to Cut Jobs After Emerging from Bankruptcy

By: The Star Tribune is cutting about 100 jobs as Minnesota's largest newspaper further trims costs after emerging from bankruptcy protection.

Editor Nancy Barnes says in a note to the newsroom that about 30 of the cuts will come from newsroom and editorial staff -- about a 10 percent reduction. She says those cuts will take up to two months. It's unclear how long the other cuts would take.

The company's operating committee announced the cuts Monday. In a memo to employees, the committee says "it is apparent that there will be job losses as we redefine how we operate."

The Star Tribune emerged from bankruptcy protection Sept. 28 with its main lenders becoming the new owners. Plummeting ad revenue prompted the newspaper to file for Chapter 11 last January.