Diggings

A blog by Toby Dayton

Archives

Archive for July, 2008

Star Tribune Fails To Pay Interest on Junior Debt

Avista Capital Partners, owners of the Star Tribune, announced this morning that they did not make their quarterly interest payment on the $96 million in junior debt that accompanied the roughly $330 million in senior debt used to finance the $530 million purchase of the daily newspaper. While CEO Chris Harte reported that the company [...]