Do Glen Taylor and Vance Opperman own part of the Star Tribune yet?

Today is the deadline day for the Star Tribune’s 40 owners to tender their shares to Twin Cities moguls Vance Opperman and Glen Taylor. Opperman and Taylor are looking for between 25 percent and 35 percent of the enterprise; even if the Strib’s Big Five (Wayzata Investment Partners; Angelo, Gordon; Credit Suisse; CIT Bank; and GE Capital) want to hold on, there are plenty of small fry who might want to cash out.

Opperman told me this morning that he won’t know for “several days” whether he and Taylor are in. For now, the deadline hasn’t been extended. The question still on the table is how close the duo might be. If I find that out, I’ll let you know.

By the way, Opperman’s and Taylor’s appetites might only have been whetted by the Strib’s bold charter-school investigation Sunday. (Bless you, folks, for putting it online the same day!) It’s the second big-deal investigation the Strib has unleashed in two weeks — following nursing home falls — and makes good on the organization’s promise to deliver ass-kickers. I’ll have more to say on the charter series after doing some reporting, including debriefing the Strib folks.

On the flip side, these guys are money guys, and they might be humbled looking at today’s sports section. Not the content; the 14-page section was a treat for fans luxuriating in the Vikes’ domination of Chicago. But — at least in my Minneapolis copy — fewer than two pages of ads for a post-game edition during holiday shopping season? I know it’s a Monday, but ouch.

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Comments (2)

  1. Submitted by Keith Nordeen on 11/30/2009 - 07:33 pm.

    The Trib is content rich as of late but display advertising is very light-Sad to say that the advertisers cannot pay the rates or they have found other mediums to use for advertising. The Trib has some excellent writers and reporters-agree or disagree with their opinion page we should still embrace the medium.

  2. Submitted by Steve Aschburner on 12/01/2009 - 11:34 am.

    I’m still intrigued by the relative values attached to these “assets”:

    Equity share, 25%-35%, of Strib = $8 million.

    2009-10 salary of unused (and useless) Timberwolves center Mark Blount = $7.96 million.

    Maybe the Wolves owner catches a break in not throwing away more money.

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