Star Tribune bankruptcy could be around the corner
Categories: Media is dead
Negotiations between the Star Tribune newsroom's Newspaper Guild and management ended today over concessions, according to a union memo published on MinnPost.
The paper's owners have previously warned that they would file bankruptcy if the unions could not agree on their list of cuts.
Here is the memo, published on MinnPost:
Guild members --
After several sessions with management, talks on possibly reaching a settlement to modify the contract have ended without agreement.
Management representatives said during a session last night that they saw no reason to continue the discussions and we could not disagree with them.
We will try to answer questions, the best we are able, on what this means for the future, at Friday's 4:30 p.m. unit meeting.
And please try to attend tomorrow's send-off for colleagues who have taken the buyout.
Graydon Royce
David Chanen
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