Nonprofit, nonpartisan journalism. Supported by readers.

Donate

More on the Star Tribune’s antitrust lawyers

Last week, I asked for some help interpreting a filing by a firm that has given the Star Tribune antitrust advice. I’m always on the lookout for signs of the Strib and Pioneer Press further combining operations.

A lawyer with experience in bankruptcy matters sent me this analysis, asking to be anonymous because it’s speculation:

About your inquiry regarding the Washington, D.C. lawfirm’s $314.00 bill in 2008 for anti-trust work:

I can speculate that [the firm] doesn’t want its bill to be discharged because it will continue to provide “new value” (bankruptcy term of art) while the paper is in Chapter 11, particularly on the anti-trust issue.

It’s no secret that there has been discussion of combining the PiPress with the Strib, but the question has been how and what.

I think it’s reasonable conjecture that this firm is looking to posture itself to be a prominent player in the Plan of Reorganization’s proposition that the company emerging from Chapter 11 will be stronger, because it will be a consolidated entity without the “shackles” of burdensome Collective Bargaining Agreements.

Basically, this means the D.C.-based firm, Baker Hostetler, thinks more antitrust work will be coming from a “healthier” post-bankruptcy Strib — and wants a piece of it.

I’ve put a call into Donald Workman, the Baker attorney who made the filing, but no callback yet. Other insights welcome.

You can also learn about all our free newsletter options.

Comments (3)

  1. Submitted by William Souder on 03/30/2009 - 05:05 pm.

    Whoa! A de-unionized consolidated entity? Aren’t we getting a little ahead of ourselves here?

  2. Submitted by David Brauer on 03/30/2009 - 05:21 pm.

    This from the guy who thinks print is dead any minute?

  3. Submitted by William Souder on 03/30/2009 - 07:27 pm.

    Well, yeah…pretty much. That sounds like way too rosy a scenario to me.

Leave a Reply