User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


65° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Timberwolves Owner Closes Star Tribune Purchase

June 30, 2014, 12:10 PM by Brandon Van Westen

Timberwolves Owner Closes Star Tribune Purchase
MINNEAPOLIS, MN -

Minnesota Timberwolves owner and printing company billionaire Glen Taylor has completed his purchase of the Star Tribune.

The sale was finalized Monday. Terms were not disclosed, but Taylor has put the purchase price around $100 million.

The Minneapolis media company joins Taylor's group of more than 80 businesses worldwide, including the Timberwolves, the WNBA's Minnesota Lynx and dozens of companies in printing and other industries.

The 73-year-old Taylor has said he will not take a managing role with the Star Tribune, although he says he will appoint his daughter Jean Taylor to the board of directors. The company's current management, including publisher Michael Klingensmith, will remain in place.

The Star Tribune emerged from bankruptcy in 2009.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Famous Wine Maker Planning Sioux Falls Development

7/29/2015 1:00 PM

Barber tells KELOLAND News while the plans still have yet to be finalized, they call for a couple of apartment buildings with eight to 12 units, as we...

Full Story
Fiat Chrysler To Pay Record Recall Fine

7/27/2015 9:32 AM

The settlement also forces the car maker to repurchase more than half a million Ram pickup trucks built between 2008 and 2012 because defective steeri...

Full Story
Picker's Flea Market Closing, Celebrate Church Expanding

7/24/2015 2:15 PM

Thorson ran several shops in Yankton before opening a store in Sioux Falls. The store will close August 16.

Full Story


Events