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This Dec. 26, 2006 picture shows The Star Tribune newspaper of Minneapolis, Minn. buidling, shortly after a meeting in which it was announced that the newspaper was being sold to a private equity firm. On Thursday, the newspaper filed for bankruptcy protection, less than two years after it was purchased by a private equity group. The company says the move will help them restructure their debt and reduce operating costs. (AP Photo/The Pioneer Press, Chris Polydorof)

Star Tribune files Chapter 11 Thursday night

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MINNEAPOLIS -- Less than two years after it was purchased by a private equity group, the Star Tribune said Thursday night it has filed for reorganization under Chapter 11 bankruptcy.

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