Taylor Strib

Interesting move:

Minnesota billionaire Glen Taylor has made a formal offer to acquire the Star Tribune, a purchase that would add the state’s largest media company to his diverse business empire.

Taylor said in an interview Tuesday that he has made a cash offer as an individual without any other investors. He declined to say how much he would pay, but he emphasized that the Star Tribune is the only media company he is pursuing.

Taylor is best known for being the owner of the Timberwolves, but his primary business is Taylor Corporation, which grew out of printing wedding invitations into becoming one of the largest privately-held businesses in the United States. And to a certain extent, his acquiring a newspaper is a matter of keeping up with the Joneses:

Taylor would be the latest billionaire to buy a major U.S. newspaper if he acquires the Star Tribune. Last year, Amazon.com founder and CEO Jeff Bezos paid $250 million for the Washington Post, and Boston Red Sox owner John Henry paid $70 million for the Boston Globe and other media properties.

I'm guessing that any changes in the way the Strib does business will be incremental, but I suspect there will be changes.