Davis Polk & Wardwell LLP advised Star Tribune Holdings Corporation and The Star Tribune Company (“Star Tribune”) in connection with the confirmation of their Plan of Reorganization in the Bankruptcy Court for the Southern District of New York. Star Tribune is set to emerge from bankruptcy on or about September 28, 2009.

Founded in 1867, The Star Tribune is the 15th-largest daily newspaper in the country with a circulation of approximately 334,000, and it is the tenth-largest Sunday newspaper with a circulation of approximately 552,000. Star Tribune filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code on January 15, 2009. Star Tribune’s nine-month Chapter 11 restructuring has been a great success, with Star Tribune set to emerge with significant improvements to its cost structure and cash flow.

The Davis Polk insolvency and restructuring team included partners Marshall S. Huebner and Timothy Graulich and associates Lynn Poss, Brian Rooder, Daniel Smit, Som Bhattacharyya, Hilary Dengel, Eli James Vonnegut, Louise C. Bennetts, Boyoon Choi (not yet admitted), Ryan Wesley Pakter, Adam Rachlis and Brian J. Snyder. The litigation team included partner Avi Gesser, counsel James I. McClammy and associates Ross B. Galin, Rajesh James, Boris Ayala, Katherine Steele Landy, David B. Steinberg, Sachin S. Bansal and Katherine Swan. The general corporate team included partner Mischa Travers and associates Colin Sturt and Niki Fang, all of the Menlo Park office. The credit team included partners Lawrence E. Wieman and Jinsoo H. Kim and associates Molly C. Breyfogle, Peter T. Bazos and Shakhi Majumdar. Partner Kathleen L. Ferrell and associates Joshua Ruland, Ethan R. Goldman and Hubert C. Raglan provided tax advice. Counsel George R. Ince Jr. provided benefits advice. Partner Gail A. Flesher, counsel Loyti Cheng and associate Hayden Baker provided environmental advice. Counsel Susan D. Kennedy and associate Regina Chang provided real estate advice. Marguerite M. Melvin and Elliot C. Law were the legal assistants for the restructuring. Except as noted above, all members of the Davis Polk team are based in the New York office.