Minneapolis-Based Tiger Oak Media Files For Bankruptcy
MINNEAPOLIS (WCCO) -- Minneapolis-based publisher Tiger Oak Media has reportedly filed for Chapter 11 bankruptcy.
According to the Star Tribune, the publishing house has assets of up to $50,000 and owes at least 200 creditors between $1 million and $10 million. Tiger Oak publishes more than 20 titles, featuring a variety of bridal, lifestyle and business magazines. Just last year, the publisher discontinued its Minnesota Business magazine.
A filing in U.S. Bankruptcy Court shows the company employs 86 people.
Tiger Oak CEO Craig Bednar launched the company's first title, Minnesota Bride, in 1993.
