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Star Tribune Gets New Publisher, Biz Model

The Star Tribune of Minneapolis Michael Klingensmith as its new publisher. Klingensmith spent three decades at Time Inc., where he led Sports Illustrated and co-founded Entertainment Weekly.

Klingensmith becomes publisher at a difficult time for newspaper companies, which face a prolonged recession and the shifting habits of readers and advertisers. Even so, newspapers' combined print and digital audiences still often dwarf other local media.

Klingensmith said there is "nothing more important in the business right now than reformulating the business model for some of these media properties that are really critically important to communities."

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