Media Notes: The Star-Tribune Goes Bankrupt

The Minneapolis Star-Tribune files Chapter 11 bankruptcy. “Minnesota’s largest newspaper will try to use bankruptcy to restructure its debt and lower its labor costs.”

The Boston Globe plans to “cut its newsroom payroll by as many as 50 full-time jobs, a reduction of nearly 12 percent in the company’s news and editorial staff.”

Bloomberg: “U.S. advertising spending probably declined as much as 5 percent last year, the biggest drop since 2001 …”

Chicago Reader’s Michael Miner: “If the Huffington Post is the future of journalism, I don’t believe in the future.”

WSJ (sub. req’d): MSNBC makes its Web videos easier to search and clip.

BusinessWeek: How to actually (maybe) make money on Web video.

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