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FILE - In this March 19, 2008, file photo, Minnesota Timberwolves owner Glen Taylor applauds his team during Minnesota's 98-94 win over the Memphis Grizzlies in an NBA basketball game in Minneapolis. Publisher Michael Klingensmith announced Tuesday, April 1, 2014, that Taylor has signed a letter of intent to buy the Minneapolis Star Tribune. (AP Photo/A.J. Olmscheid, File)

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FILE - In this May 22, 2009, file photo, Minnesota Timberwolves owner and printing magnate Glen Taylor addresses the media during a news conference Minneapolis. Publisher Michael Klingensmith announced Tuesday, April 1, 2014 that Taylor has signed a letter of intent to buy the Minneapolis Star Tribune. Taylor told the Star Tribune he has made a cash offer without any other investors but declined to say how much. (AP Photo/The Star Tribune, Jim Gehrz, File)