Taylor Corp. Owner Glen Taylor Completes Minneapolis StarTribune Newspaper Purchase

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."