By David Brauer
MinnPost.com
MINNEAPOLIS – For the first time in bankruptcy, the Star Tribune has reported a monthly operating profit. In the May 4-31 period, the Strib made $1.35 million from operations, after posting its biggest monthly loss ($3.45 million) in April.

The difference? Compensation costs, which plunged from $12.9 million in April (actually March 30-May 3) to $7 million. The two figures are not perfectly comparable, since the April period had 35 days versus May’s 28. However, on a per-day basis, comp costs plunged from $368,000 to $250,000; total costs fell 20 percent.

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