The (Minneapolis) Star Tribune said it hopes to exit bankruptcy this fall after filing a reorganization plan that will place ownership of the paper under a group consisting of its key creditors.
The newspaper said the publisher would emerge from Chapter 11 bankruptcy protection with $100 million in debt, down considerably from the more than $400 million in debt it faced prior to its bankruptcy filing last fall.
The Star Tribune's current owners, majority stakeholder Avista Capital Partners and the Chris Harte Family Trust, would be replaced by a group of first-lien creditors, the newspaper said.
A hearing on the matter is scheduled for July 29 in U.S. Bankruptcy Court in New York.
Monday, June 22, 2009
Lightning strikes Portugal daily
Portugal daily Publico in Lisbon purchased Digital Technology International’s DTI Lightning software in order to allow the daily to stream news and information through multiple channels.
“This will replace the need to export XML data to a separate Web publishing system, and this will allow us to publish breaking news online more quickly, reduce the potential for error and minimize our costs,” said Luis Paulo Oliveira, Publico IT systems manager.
Publico has been a DTI customer for more than 10 years, using a mix of the vendor’s advertising, editorial and production software.
“This will replace the need to export XML data to a separate Web publishing system, and this will allow us to publish breaking news online more quickly, reduce the potential for error and minimize our costs,” said Luis Paulo Oliveira, Publico IT systems manager.
Publico has been a DTI customer for more than 10 years, using a mix of the vendor’s advertising, editorial and production software.
KBA completes Dallas move
KBA North America said it’s completed its move to a new 60,000-square-foot headquarters in Dallas. The new mailing address is P.O. Box 619006, Dallas, Texas, 75261. The physical delivery address is 2555 Regent Blvd., DFW Airport, Texas 75261. The phone numbers are 800.522.7521 or 469.532.8100. The building houses all sales, service and marketing operations supporting KBA’s web offset and sheetfed presses.
“We are pleased to be officially opening our new centrally located, state-of-the-art headquarters in Dallas,” said Holger Garbrecht, KBA North America president and chief executive officer.
“We are pleased to be officially opening our new centrally located, state-of-the-art headquarters in Dallas,” said Holger Garbrecht, KBA North America president and chief executive officer.
Prime UV sending system to Brehm
Prime UV said it’s manufacturing a Perfection UV drying system for PAGE Cooperative member Brehm Communications, which will use the system on its Manugraph DGM 430 press.
San Diego-based Brehm prints more than 60 newspapers, shoppers and niche publications in seven states.
Brehm joins other PAGE members, including Colorado Mountain News Media, Crow River Press, Eagle Web Press and Community Publishers, with Perfection drying systems on their coldset presses.
San Diego-based Brehm prints more than 60 newspapers, shoppers and niche publications in seven states.
Brehm joins other PAGE members, including Colorado Mountain News Media, Crow River Press, Eagle Web Press and Community Publishers, with Perfection drying systems on their coldset presses.
Atex sets management, marketing team
Atex said it’s created a global product management and marketing team that will oversee sales and support of its stable of products.
Team members include Peter Marsh, head of global product management; David Montgomery, chief architect; Lars Jiborn, global product manager, advertising; Anders Weiznitz, global product manager, Web content management; Gustaf Sahlman, global product manager, Atex digital news and advertising; Christer Norbert, global product manager, Atex OneView, Davide Garavaglia, global product manager, editorial content management and managed services; and Peter Joseph, global marketing and communications manager.
Team members include Peter Marsh, head of global product management; David Montgomery, chief architect; Lars Jiborn, global product manager, advertising; Anders Weiznitz, global product manager, Web content management; Gustaf Sahlman, global product manager, Atex digital news and advertising; Christer Norbert, global product manager, Atex OneView, Davide Garavaglia, global product manager, editorial content management and managed services; and Peter Joseph, global marketing and communications manager.
Tribune consolidates in Fla.
Production operations of the Orlando (Fla.) Sentinel will now fall under the control of the South Florida Sun-Sentinel in Fort Lauderdale after Tribune Co. consolidated some management functions.
The move eliminated the job of Kelly Benson, who served as the Sentinel’s vice president of operations.
Under Benson’s oversight, the Sentinel streamlined operations and also served as Tribune’s test site for emerging technologies such as scented ink and the use of Chinese newsprint.
Benson can be reached at kellyfbenson@yahoo.com.
The move eliminated the job of Kelly Benson, who served as the Sentinel’s vice president of operations.
Under Benson’s oversight, the Sentinel streamlined operations and also served as Tribune’s test site for emerging technologies such as scented ink and the use of Chinese newsprint.
Benson can be reached at kellyfbenson@yahoo.com.
In Brief
Baldwin Technology Co. Inc. named Steffen Weisser vice president of global operations and Peter Hultberg vice president of global sales and marketing.
Hearst Corp. named Beth Polish director of corporate innovation and senior vice president of Hearst Interactive Media.
Freedom Communications Inc. named Burl Osborne interim chief executive officer.
The San Francisco Chronicle told News & Tech that it will release an announcement about its new printing and distribution infrastructure later this week. Transcontinental Inc. built a $200 million facility in Fremont, Calif., to print the daily, but neither Hearst Corp. nor Transcontinental has publicly said when the plant will open for business. Web sites operated by unions representing Chronicle press operators said the new facility will begin producing the Chronicle July 1.
German publisher M. DuMont Schauberg went on-edition with its six-wide Cortina press from Koenig & Bauer AG.
Mediaspectrum Inc. released ContentWatch 2.0, an upgraded version of its Web-based content management software.
www.mediaspectrum.net
The (Toronto) Globe and Mail unveiled a procurement policy governing the purchase of newsprint and other paper stocks, requiring its suppliers to be environmentally responsible. The newspaper is the first major North American daily to develop an ancient forest-friendly policy, according to environmental publishing advocate Canopy.
The Associated Press said it wants to strike more lucrative licensing deals with Web sites to offset the loss of revenues from newspapers and broadcasters. Currently, AP’s four largest online deals are with Google, Yahoo, Microsoft and AOL, AP said. In addition, the agency said it would reduce its fees by $45 million for newspapers and broadcasters in 2010.
Nstein Technologies Inc. said the Financial Times’ FT Search Inc. is using its Text Mining Engine app for the beta launch of its Newssift business insight tool.
www.nstein.com
MaineToday Media Inc. completed its purchase of the Portland Press Herald, Maine Sunday Herald and two other daily papers in Maine from the Seattle Times Co. Richard L. Connor, who leads MaineToday, said he expects all the papers to be profitably by year-end. Connor also owns The Times Leader in Wilkes-Barre, Pa.
Italian newspaper publisher Societa Editrice Corriere del Ticino purchased an evolution 371 press from WIFAG, the press supplier said. The new press is configured as four four-high towers with one jaw folder. The machine, to go on-edition in June 2010, can produce up to 95,000, 128-page tabloid copies per hour, all in full color.
www.wifag.ch
Hearst Corp. named Beth Polish director of corporate innovation and senior vice president of Hearst Interactive Media.
Freedom Communications Inc. named Burl Osborne interim chief executive officer.
The San Francisco Chronicle told News & Tech that it will release an announcement about its new printing and distribution infrastructure later this week. Transcontinental Inc. built a $200 million facility in Fremont, Calif., to print the daily, but neither Hearst Corp. nor Transcontinental has publicly said when the plant will open for business. Web sites operated by unions representing Chronicle press operators said the new facility will begin producing the Chronicle July 1.
German publisher M. DuMont Schauberg went on-edition with its six-wide Cortina press from Koenig & Bauer AG.
Mediaspectrum Inc. released ContentWatch 2.0, an upgraded version of its Web-based content management software.
www.mediaspectrum.net
The (Toronto) Globe and Mail unveiled a procurement policy governing the purchase of newsprint and other paper stocks, requiring its suppliers to be environmentally responsible. The newspaper is the first major North American daily to develop an ancient forest-friendly policy, according to environmental publishing advocate Canopy.
The Associated Press said it wants to strike more lucrative licensing deals with Web sites to offset the loss of revenues from newspapers and broadcasters. Currently, AP’s four largest online deals are with Google, Yahoo, Microsoft and AOL, AP said. In addition, the agency said it would reduce its fees by $45 million for newspapers and broadcasters in 2010.
Nstein Technologies Inc. said the Financial Times’ FT Search Inc. is using its Text Mining Engine app for the beta launch of its Newssift business insight tool.
www.nstein.com
MaineToday Media Inc. completed its purchase of the Portland Press Herald, Maine Sunday Herald and two other daily papers in Maine from the Seattle Times Co. Richard L. Connor, who leads MaineToday, said he expects all the papers to be profitably by year-end. Connor also owns The Times Leader in Wilkes-Barre, Pa.
Italian newspaper publisher Societa Editrice Corriere del Ticino purchased an evolution 371 press from WIFAG, the press supplier said. The new press is configured as four four-high towers with one jaw folder. The machine, to go on-edition in June 2010, can produce up to 95,000, 128-page tabloid copies per hour, all in full color.
www.wifag.ch
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