Taylor Corp.

Taylor Corp. Owner Glen Taylor Completes Minneapolis StarTribune Newspaper Purchase
July 1, 2014

Minnesota Timberwolves owner and printing company billionaire Glen Taylor completed his purchase of the StarTribune yesterday, the newspaper said.

Terms were not disclosed, but Taylor has put the purchase price at around $100 million, the StarTribune reported.

"As I've said before, the StarTribune is not only a good business, it's an important institution for all Minnesotans," Taylor said in a statement. "Our state and the region benefit from the presence here of a strong journalistic enterprise."

Taylor Corp. Owner Glen Taylor Signs Agreement to Purchase StarTribune Newspaper
May 29, 2014

Glen Taylor’s effort to purchase the StarTribune moved forward yesterday with the signing of a purchase agreement between the Minnesota billionaire and the media company.

StarTribune Publisher Mike Klingensmith called the agreement an “important milestone” and said he expects the sale to close around June 30. “Work remains to be done, but we are increasingly confident of closing this transaction,” Klingensmith said.

Taylor has said he will pay around $100 million in the deal. He could not be reached for comment.

Upfront
May 1, 2014

Commercial Printing Industry News Briefs from Printing Impressions’ May 2014 edition, including Standard Register, Gannett Co., Flint Group, Adman Printing, Taylor Corp., 4over Inc., Roosevelt Paper and Imprimerie Reflet.

Update: Taylor Corp. Owner Glen Taylor Makes Formal Bid to Buy Minneapolis Star Tribune
April 2, 2014

Glen Taylor, the owner of the Minnesota Timberwolves and one of the wealthiest people in Minnesota, has made a formal bid to buy the Star Tribune, the Minneapolis newspaper confirmed Tuesday.

In a statement, Star Tribune Media Co. said Taylor had a letter of intent for Taylor to acquire the company and he was currently engaged in due diligence. Terms weren't disclosed, though a separate Star Tribune report said that Taylor's offer was all cash, without any other investors.

Taylor Corp. Owner Negotiating to Buy Newspaper
March 28, 2014

MINNEAPOLIS—Glen Taylor, owner of North Mankato, MN-based printing conglomerate Taylor Corp. and the NBA Minnesota Timberwolves franchise, is closing in on a deal to acquire the Star Tribune newspaper, the Minneapolis/St. Paul Business Journal reported.

Taylor Corp. Owner Glen Taylor Nearing Deal to Buy Minneapolis Star Tribune
March 28, 2014

Taylor Corp. and Minnesota Timberwolves owner Glen Taylor is close to a deal to buy the Star Tribune, according to a local report that cites unidentified "people in the know."

Taylor, who founded North Mankato-based Taylor Corp. in 1975, has tried before to buy a stake in the newspaper. He's  worth $1.8 billion, making him the fifth-richest Minnesotan.

Taylor Corp. Owner Makes Forbes Billionaire List
March 7, 2014

MANKATO, MN—Glen Taylor, a businessman whose holdings including commercial printer Taylor Corp. and professional basketball team Minnesota Timberwolves, once again checked in as one of the top 1,000 billionaires in the world, according to Forbes magazine.

Taylor Corp. Owner Glen Taylor Makes Forbes Magazine's Billionaire List
March 6, 2014

Mankato businessman Glen Taylor is among five Minnesotans among the 1,645 billionaires in the world, based on their net worth, according to Forbes magazine.

The magazine recently released its “2014 Forbes Billionaires” list. Coming in at 988th is Taylor, the owner of North Mankato-based commercial printing, packaging and marketing company Taylor Corp., with a $1.8 billion net worth.

In addition to owning Taylor Corp., Taylor is also the majority owner of the Minnesota Timberwolves basketball team and is a former state senator.

NYSE Opening Bell Ringing Signifies the ‘New Kodak’
January 10, 2014

NEW YORK—With nearly 60 customers from across the nation in attendance, Kodak President and CEO Antonio Perez rang the opening bell on the New York Stock Exchange (NYSE) Wednesday morning to celebrate Kodak’s recent relisting.