Diggings

A blog by Toby Dayton

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Archive for December, 2008

Avista May Exit From Star Tribune Deal…

The Business Journal is reporting this afternoon that senior creditors are stepping in to take over ownership of the Minneapolis Star Tribune in a debt for equity swap that eliminates 100% of Avista’s ownership in the daily newspaper. Avista invested $100 million in the deal and financed the rest with $400 million of debt, the [...]