Star Tribune files reorg plan with goal of emerging from bankruptcy

The Star Tribune Co. says it filed a reorg plan in U.S. Bankruptcy court, with the goal of emerging from Chapter 11 protection this fall. The spaper says it filed the paperwork. Since the Star Tribune entered bankruptcy in Jan., it reached deaks with 6 of 10 bargaining units, repping 94% of unionized employees. The Star Tribune says the agreements reached cost savings it needs: cutting labor costs by $20M a year. Publisher & chairman Chris Harte says he's confident the newspaper will emerge in better shape and ready for the "intense competition that lies ahead in a rapidly evolving news & info industry."