Star Tribune Announces Completion of Sale to Glen Taylor

MINNEAPOLIS – June 30, 2014 – Star Tribune Media Holdings Co. today announced that it has successfully completed the sale of the company to Minnesota businessman Glen Taylor. The company was majority owned by private investment funds managed by Wayzata Investment Partners LLC. Financial terms of the transaction were not disclosed. No changes to Star Tribune’s operations or management are planned following the sale.

About Star Tribune Media Company
Star Tribune Media Company LLC is an integrated media company serving Minnesota and the upper Midwest. Recently, the company’s flagship property, The Star Tribune, has enjoyed exceptional successes, earning two Pulitzer Prize Awards, two Edward R. Murrow Awards, and a Gerald Loeb Award—all while recording key gains in circulation. With the seventh-largest Sunday and 12th-largest daily circulation newspaper in the U.S., the most-visited local website, a range of home-delivered advertising solutions, a popular arts/entertainment publication, and numerous smartphone and tablet apps, Star Tribune reaches more consumers than any other Minnesota media brand.

About Wayzata Investment Partners LLC
Based in Wayzata, Minnesota, Wayzata Investment Partners LLC is an SEC-registered investment advisor to private investment funds.

Media contact:
Steve Yaeger
612-673-4256 (office)
651-357-3036 (mobile)
steve.yaeger@startribune.com